brandondawson.org Drupal Website Developer and Consultant

15Oct/090

Greenspan has change of heart (make that "change of enlightened self-interest")

After his Ayn Rand-worshiping, bankster-babying, free-love-for-free-markets ass spent the entire 1990's shooing the government out of regulating the financial services and banking industries to the greatest extent possible, it appears that Alan Greenspan has had a change of heart, and is now advocating the breakup of so-called "too-large-to-fail" banks.

Gee, Al, ya think?

I mean, after all, we gave 'em everything they wanted in the 90's, and they just treated us like a shotgun bride, getting drunk on their own excess and holding the gun of economic meltdown against our heads until we ponied up their bail. What does the banking industry say to a body politic with two black eyes? Nothin' it ain't already told it twice.