Alan Greenspan: Craaaazy Economy, No?
Monday, March 17th, 2008
This weekend, as our frozen credit markets and subprime space aliens took investment bank Bear Stearns — the fifth largest in the country — down, down, down into the ground, former Federal Reserve chairman Alan Greenspan wrote an article that saved the American economy. Hurrah! Regarding the moral hazard of huge companies taking inappropriate risks because the Fed will rescue their broke asses when it hits the fan (”they’re too big to fall!”), kindly old hobbit-sage Alan Greenspan offers these soothing words: who knew!? MORE »
This weekend, as our frozen credit markets and subprime space aliens took investment bank Bear Stearns — the fifth largest in the country — down, down, down into the ground, former Federal Reserve chairman Alan Greenspan wrote an article that saved the American economy. Hurrah! Regarding the moral hazard of huge companies taking inappropriate risks because the Fed will rescue their broke asses when it hits the fan (”they’re too big to fall!”), kindly old hobbit-sage Alan Greenspan offers these soothing words: who knew!? MORE »
While Dipshit McGoo Thompson thinks the economy can be saved by calling it 
Some little hipster clarinet player from NYU is claiming the Iraq invasion and occupation was all about securing oil supplies for America. Oh and what is that sticking out of Jazzbo Al’s tattered raincoat? A worn paperback of Ayn Rand’s “Atlas Shrugged,” which he actually first read when she was writing it, when he was screwing some gal in Rand’s “inner circle” and writing angry letters to the New York Times about how “parasites who persistently avoid either purpose or reason 
This just in: the Federal Reserve Board just raised the federal funds rate to 5.25 percent. This is the 17th consecutive rate hike, and the rate now stands at its highest level in more than five years.