“He is SHOCKED! SHOCKED! Gambling was going on there. HAHAHAHA!! My laugh of the day.”
He will blame himself even before giving consideration to his cherished cult-like belief that in his “free” market has secret controls whereby traders, company officials, etc. don’t act in their self-interest to maximize their salaries, bonuses and benefits. It’s a libertarian delusion.
Not only has he always been wrong, he sounds like a complete idiot here. He cannot come to grips that his imaginary fantasy world of “free” market finance has all sorts of assumptions that mandate controls.
He was Chairman of The Fed. The biggest Ponzi scheme in history. The Ponzi is busted and we all fall down. This is going to be much worse than people think going forward.