Surprise, It Was Greenspan and Bernanke's Fault

 What, Bernanke worry?

The Financial Crisis Inquiry Commission is about to tell us, in 576 pages, what many of us already know:

The majority report finds fault with two Fed chairmen: Alan Greenspan, who led the central bank as the housing bubble expanded, and his successor, Ben S. Bernanke, who did not foresee the crisis but played a crucial role in the response. It criticizes Mr. Greenspan for advocating deregulation and cites a “pivotal failure to stem the flow of toxic mortgages” under his leadership as a “prime example” of negligence.

Anyone else running out tomorrow to get a copy?

Like the 9/11 Commission, we could have saved a whole lot of money and time by simply verifying alternative media claims instead of starting from scratch as if no one knew anything all along.

Oh well.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


chairmanben said...

West Virgina teeth!

- I'm fully enrolled in the FEDeral GOLD Dental Plan!

Anonymous said...

translation - we are totally phoning it in and have no real idea of what we are doing - but, we really dig the big paychecks we get with this gig and can't believe we get paid as much as we do to do this shit - is this a great country or what? Funny how these dudes can't see what a bunch of bloggers CAN see and warn about for free on the internet, huh? We are NOT getting our money's worth every Friday when Ben cashes his paycheck down at the Circle K, picks up a Colt 45 Malt Liquor and a pack of Kool's and heads home.