Jim Grant on Alan Greenspan's Testimony: 'Self-Exculpating Nonsense'
Jim Grant of Grant's Interest Rate Observer calls it like it is in a Bloomberg interview following former Fed chairman Alan Greenspan's testimony before Congress today.
Why anyone still pays any attention to what Greenspan has to say is hard to understand. It is hard to think of one individual more responsible for the financial blowup of 2008 than Alan Greenspan. His policies laid the foundation for the house of cards that was built during his time as Fed chairman. For him to claim that nothing could have been done by the Fed to prevent the crisis is laughable.
Here is Jim Grant on Alan Greenspan, The Worst Central Banker in History: