Michael Collins found this recent statement by former Fed Chairman Alan Greenspan:
"There are two fundamental reforms we need - to get adequate capital and, two, to get far higher levels of enforcements of statutes of fraud statutes, existing ones. I'm not even talking about new ones. Things were being done which were certainly illegal and fairly criminal in certain cases. Fraud, fraud is a fact. Fraud creates very considerable instability in competitive markets. If you cannot trust your counterparties, it won't work. And indeed, we saw that it didn't." Alan Greenspan Nov. 9, 2010
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Not to increase the stature of Cunningham in context of bigger and worser you feature, but he's among those who wish to punish the working/middle with cuts in benefits in lieu of punishing the financial parasites who ruined the economy. A friend of John Boehner's, the Ohioan's teary House floor promotion of the bankers bailout, doubtlessly prompted Bill to approve of it as well when the vote mattered.
http://www.700wlw.com/mediaplayer/?station=WLW-AM&action=ondemand&item=20630485&feed_name=bill_cunningham.xml
Dig Amber putting Cunningham in place early in this podcast.
he's among those who wish to punish the working/middle with cuts in benefits in lieu of punishing the financial parasites who ruined the economy.
I can't claim to be surprised.
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