Wednesday, April 20, 2016

Even Their Self-Interest Is Flawed...

"I admit to a flaw in my ideology.  I could not have believed that the self-interest of banks would not prompt them to better protect their stockholders."

- Alan Greenspan
Federal Reserve Chair on the 2008 Financial Collapse
Before the House Committee on Oversight and Government Reform

Boink! Boink!

The only thing a pig looks after is itself, that's why...'s called a pig !!

Credit Unions should be delighted to have such trustworthy critics as the ABA! 
(aka: The piggy bankers !)

1 comment:

Anonymous said...

Have we ever had a Fed Chairman who was able to logically look at a situation and reach a conclusion that made any sense?