tag:blogger.com,1999:blog-5534600740192845222.post6521126419049604994..comments2023-07-09T07:29:16.668-04:00Comments on PRINCIPLEX: Alan Greenspan - Robert StadlerUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5534600740192845222.post-79702198033367439422008-10-26T03:15:00.000-04:002008-10-26T03:15:00.000-04:00Here's a quote from Greenspan years before he capi...Here's a quote from Greenspan years before he capitulated.<BR/><BR/>"Government regulation is not an alternative means of protecting the consumer. It does not build quality into goods, or accuracy into information. Its sole 'contribution' is to substitute force and fear for incentive as the 'protector' of the consumer. The euphemisms of government press releases to the contrary notwithstanding, Principlexhttps://www.blogger.com/profile/15976696315627239104noreply@blogger.comtag:blogger.com,1999:blog-5534600740192845222.post-32520885712289237852008-10-25T08:28:00.000-04:002008-10-25T08:28:00.000-04:00Steve, this is from Greenspan's book, The Age of T...Steve, this is from Greenspan's book, The Age of Turbulence. On page 242, we read:<BR/>"The administration also took the Fed's advice on policies we thought were essential for the health of the financial markets. Most important was the effort that began in 2003 to curb excesses at Fannie Mae and Freddie Mac, the companies chartered by Congress to help underwrite home mortgages. They were Rob Diegohttps://www.blogger.com/profile/00820660127483058062noreply@blogger.comtag:blogger.com,1999:blog-5534600740192845222.post-56783995471544992132008-10-25T08:08:00.000-04:002008-10-25T08:08:00.000-04:00Steve, this post is great! I wish Alan Greenspan c...Steve, this post is great! I wish Alan Greenspan could read it. Or at least I hope that somebody else will show him the similarity if he doesn't see it already. I have always thought that the worst betrayal one can do is to betray oneself. If I am correct about that, Alan Greenspan has already punished himself more than anyone else could punish him.<BR/><BR/>Elena C.Elenahttps://www.blogger.com/profile/00480165178268397576noreply@blogger.com