"Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity, myself included, are in a state of shocked disbelief," Alan Greenspan, yesterday, before the House Committee on Oversight and Government Reform.Oh, gee. Who could have ever foreseen that there would be bad consequences to letting people mess around with huge amounts of money with no oversight or accountability?
Right. Anybody who has ever lived on Planet Reality.
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