By the way, did you bothered to read the top of the article you linked? Here it is:
“Eamonn Fingleton , CONTRIBUTOR
A sharp eye on media bias, official propaganda, and globaloney.
Opinions expressed by Forbes Contributors are their own.”
Opinion. Not fact.
Yeah, I read it but it doesn’t matter because everything in it is factual.
For example, Greenspan was involved in the Keating 5 scandal.
I also saw the video interview of Brooksley Born where she named Greenspan directly. She’s not a liar because there are meeting minutes where Greenspan is quoted using his tortured logic that free market forces would curtail the expected abuses. Only such forces were outweighed by greed which is documented in the TRUE NON-FICTION written by Michael Lewis.
Everything written in that Forbes piece is backed up by documented fact. The writer even goes so far as to say that the label ‘immoral’ placed on Greenspan by others is a stretch and that the proper label is ‘wacky’, making Greenspan the most dangerous fool of that time.
The Fed needs reform bigtime. It needs checks and balances. Greenspan played along with Congress and Wall St. to screw a generation of Americans. Whether or not he intended makes no difference. It must not be allowed to happen again and it won’t be with the plans the Trump Administration has in store for it.
There’s a well-known road of good intentions leading straight to Hell. Greenspan and the Fed walked down it with Congress and Wall St. The Fed was involved in it, they were part of it. They had the power to say no. They didn’t.