That was a huge success. Who would have thought investment banks would have used that money to provide bonuses to folks who failed? What a precendent.
Bonus: Now everyone can say, in parentheticals, (in these uncertain economic times), and not know what they mean.
Double Bonus: Alan Greenspan:
“In other words, you found that your view of the world, your ideology was not right?” Waxman asked. “Yes, I found a flaw,” Greenspan said in response to grilling from the House Committee on Oversight and Government Reform. “That is precisely the reason I was shocked because I’d been going for 40 years or more with very considerable evidence that it was working exceptionally well.”
“Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity (myself especially) are in a state of shocked disbelief,” said Greenspan, who stepped down from the Fed in 2006.
The Bailout, Part 2
30 10 2008That was a huge success. Who would have thought investment banks would have used that money to provide bonuses to folks who failed? What a precendent.
Bonus: Now everyone can say, in parentheticals, (in these uncertain economic times), and not know what they mean.
Double Bonus: Alan Greenspan:
“In other words, you found that your view of the world, your ideology was not right?” Waxman asked. “Yes, I found a flaw,” Greenspan said in response to grilling from the House Committee on Oversight and Government Reform. “That is precisely the reason I was shocked because I’d been going for 40 years or more with very considerable evidence that it was working exceptionally well.”
“Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity (myself especially) are in a state of shocked disbelief,” said Greenspan, who stepped down from the Fed in 2006.
Bound to found in Dickipedia any moment now.