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a plague o both your houses

Yves Smith crucifies Alan Greenspan

Yep, off my beaten LatAm track for sure and all this post really does is to pass on a must-read link.

But it is must-read. Greenspan stood up and tried to defend himself today in the London Financial Times. Nearly all of us know he deserves to be knocked off his perch as the intellectual author of the clusterf we’re going through, but Yves Smith of Naked Capitalism does it better than the rest.

100% agreed, Yves, I doff my cap. Magnificent rant backed up by a whole dose of smarts. Greenspan deserves every single word. Link here, so use it.

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