One of the greatest charlatans of all time, Alan Greenspan, has a new book out.

[rhett o rick]

He tries to rationalize why he and his idiot followers couldnt have forseen the collapse of 2008.

Alan Greenspan says:
In 1963:

“Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.” (The Assault on Integrity, 1963)

Clearly Mr. Greenspan lives in a fantasy world.

And then in 2008 he says:

"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…”

Really, really? Any idiot with half a brain could see the fallacy that lead to the collapse. Capitalistic greed will kill the Golden Goose every time Alan.