1/15/08

Our Coincidental Theory of US Economics

Disclaimer: I do not have formal training in economics.

That said, please follow my line of reasoning:
  1. Alan Greenspan was head of the Fed.
  2. The Fed caused the housing bubble (see story).
  3. Trader John Paulson made $billions on subprime swaps after the drop in housing values (see story).
  4. Greenspan gets a new gig working for Paulson (see story).
Read these two new articles in their entirety and judge for yourself.
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1 comment:

  1. Reb Yudel1/17/2008 5:54 PM

    This wouldn't be the same Al Greenspan who raised the amount that FICA took out from our paycheck to build a Social Security "surplus" -- and then applauded Bush's effort of handing that surplus to benefit the highest income tax bracket?

    ReplyDelete

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