WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Incompetence and arrogance -- such an unfortunate combination

Alan Greenspan, the idiot who couldn't see the housing bubble and thought only he and fellow Fedsters were qualified to even ponder it:
As top Federal Reserve officials debated whether there was a housing bubble and what to do about it, then-Chairman Alan Greenspan argued that the dissent should be kept secret so that the Fed wouldn't lose control of the debate to people less well-informed than themselves.

"We run the risk, by laying out the pros and cons of a particular argument, of inducing people to join in on the debate, and in this regard it is possible to lose control of a process that only we fully understand," Greenspan said, according to the transcripts of a March 2004 meeting.

And these buffoons still have control of the money supply for the entire U.S. economy!

End the Fed already! Haven't they done enough damage?



Pasadena Closet Conservative said...

And golly gee-whiz, now Ben Bernanke's in charge. Are we supposed to be grateful for that?!

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