Greenspans Book

Alan Greenspan, former Fed Head, is about to publish his memoirs. Excerpts are leaking out everywhere in which he blasts Bush while embracing Clinton.

What I've found most interesting thus far is his proclaimed cluelessness about the subprime meltdown. He claims that he didn't think all those borrowers who were getting "liar loans" and no income loans or any of the other shenanigans involved in the recent lending bubble were of any real concern.

As the former leader of the world's economy, he's either shockingly and disturbingly stupid or he's lying.

There's no other way.