Ever since the crash, Alan Greenspan has been almost as hard to spot in public as bin Laden has been. Like bin Laden, we hear from Greenspan every once in a while via a well-scripted speech. Unlike bin Laden, however, Greenspan does not take responsibility for his actions. The "maestro" of worldwide prosperity (as he was called during the boom) first blamed the crisis on an undue or irrationally exuberant faith in capitalism. The Fed had nothing whatsoever to do with the real estate bubble, he informed a congressional committee. More recently, he blamed the whole mess on Asians who, … Continue reading Vicious Greenankeism