Tuesday, January 15, 2008

Happy Landings For "Bubble Boy"

This tells us…

Alan Greenspan, a former Federal Reserve chairman, is joining the hedge fund Paulson & Co. as an adviser, the New York-based company said Tuesday.
And this tells us…

As rising delinquencies on subprime mortgages escalated into a global credit crisis this summer, some in the $1.8 trillion hedge fund industry thrived, like Paulson and Scion, while others fell.
And The Shrill One tells us this about Greenspan…

(Greenspan is) like a man who suggests leaving the barn door ajar, and then - after the horse is gone - delivers a lecture on the importance of keeping your animals properly locked up.
As Krugman said, the chutzpah is breathtaking.

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