Damn it Sam, why do you have to go and say something reasonable so I have to
agree with you?

Yes, Greenspan deserves plenty of blame. I'll give him credit for noting in
2005 that the wheels were in danger of coming off, but he bears much of the
blame for getting things going downhill fast in the first place. I will say
that he showed great timing by jumping ship before the shit totally hit the
fan.

Judah

On Mon, Sep 22, 2008 at 1:50 PM, Sam <[EMAIL PROTECTED]> wrote:

> Don't forget Greenspan deserves plenty of blame also
> http://www.ft.com/cms/s/0/32b85c72-859b-11dd-a1ac-0000779fd18c.html
>
> On Mon, Sep 22, 2008 at 1:37 PM, Judah McAuley <[EMAIL PROTECTED]>
> wrote:
>
> >
> > There is plenty of blame to go around on this issue and the cause and
> effect
> > routine goes back much farther than 2005 (Hi Phil Graham!). Papers coming
> > out of the AEI aren't worth lining the bird cage with.
> >
>
>


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