Taibbi blames Greenspan: “The biggest (blank) in the universe”

 EmailPrint This Post Print This Post

Rolling Stone contributor Matt Taibbi has just published a new book, “Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America”. According to Yahoo Finance – Tech Ticker, Taibbi lays the blame for the financial crisis largely at the feet of one man: Alan Greenspan.

“He had this specific role as the Fed chief and created this psychological condition on the Street where everybody knew that every time they screwed up … he would come to their rescue. Daddy would bail everybody out with all this cheap money,” said Taibbi.

Source: Yahoo Finance – Tech Ticker, November 24, 2010.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>




Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones

One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

November 2010
« Oct Dec »

Feed the Bull