Alan Greenspan

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How Bad Is The Debt Ceiling Acrimony? The Best Quotes from Former Pols

Monday, July 25, 2011

It's all inside the beltway maneuvering and hard to explain, but it is indispensible for the American people to understand it so public opinion can be mobilized to stop it.

-Former U.S. Sen. Arlen Specter (R-PA), in an op-ed in The Baltimore Sun on July 23. 


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Financial Crisis: Where's the Outrage?

Thursday, January 27, 2011

In 2008, the bubble popped. The financial crisis sent our economy swirling into chaos and pushed us into this Great Recession. Many Americans lost faith in our private institutions that caused this mess and in our public institutions that should have seen it coming. The fallout shined a light on the double-dealing shell game being played by our financial giants. Unfortunately, they weren’t playing with Monopoly money. The high stakes had high costs: a devastating spike in unemployment, a national foreclosure crisis based on mortgage fraud and depleted pensions and retirement accounts for working Americans.

At least those whose reckless — and potentially criminal — gambles drove us into this ditch got what they had coming…bonuses, a light reprimand and carte blanche to do it all again.

It’s enough to make you so angry you’d consider dumping tea in Boston Harbor.

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Greenspan Talks Economics at Council of Foreign Relations

Wednesday, September 15, 2010

Former Federal Reserve Chairman Alan Greenspan says the nearly $800 billion stimulus program has fallen short of expectations, and that the government should get out of the way and let the market help fuel recovery.

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