Why is This Man Still Collecting Speaking Fees? Why can’t Alan Greenspan retire? About to turn 85 next month, it’s not that he isn’t old enough. And, after all these years of lucrative consulting and speaking fees, it’s not exactly like he needs the money. So, why is Greenspan spending his time going around the...Read More
Is the Fed Repeating Wall Street’s Sins? Joe Nocera: At a certain point, Wall Street ran out of clients to sell [securitized debt] to. So the only way it could keep the machine going was to buy it themselves. Jon Stewart: So, they infected themselves. At the end, they themselves became vampires. [Which suggests] a...Read More
