"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
(10/23/2008)
Federal Reserve Chair on the 2008 Financial Collapse
Before the House Committee on Oversight and Government Reform
(10/23/2008)
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| Boink! Boink! |
The only thing a pig looks after is itself, that's why...
...it's called a pig !!
Credit Unions should be delighted to have such trustworthy critics as the ABA!
(aka: The piggy bankers !)
(aka: The piggy bankers !)
1 comment:
Have we ever had a Fed Chairman who was able to logically look at a situation and reach a conclusion that made any sense?
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