[Lorianne]

Rewriting history.

http://www.vanityfair.com/magazine/2009/01/stiglitz200901?printable=ture&currentPage=all

[Lorianne]

http://www.vanityfair.com/magazine/2009/01/stiglitz200901?printable=ture&currentPage=all

[CE2949BB]

Reagan wanted someone who did not believe any such thing, and he found him in a devotee of the objectivist philosopher and free-market zealot Ayn Rand.

Greenspan and Rand parted ways long, long before he took over the Fed.

Hillary Clinton, IIRC, also had an "interest" in Ayn Rand's writings while she was in college.

We can see how that turned out.

It would have been impossible for Greenspan to be an Objectivist and run the Fed. It's as believable as a pro-lifer running an abortion clinic.

While Rand's philosophy, Objectivism, may have influenced Greenspan earlier in his life, he simply grew in a different direction.

The phrase "sold his soul" is tossed around in Objectivist circles when discussing Greenspan.

Make no mistake: attacking Greenspan for his earlier dabbling in Objectivism is nothing more than a attack on capitalism.

[Tzimisce]

Deregulation is the problem?

From my understanding this all started when the guys in charge were IGNORING the rules on the books. And the guys who were to overwatch and enforce said rules didn’t do anything to stop them.

Rules are only as good as the people enforcing them.