




It’s Official: Greenspan Is a Jerk
John Paulson (he of the bearish megabet) must also have a sense of humor. This is evidenced by his decision to hire Alan Greenspan. His firm, Paulson & Co., will be taking on the maestro as an official adviser.
One has to wonder, Is this a tongue-in-cheek quid pro quo or what? You scratch my back, I scratch yours? After all, it was Greenspan’s relentless flood of cheap money that got the bubble started in the first place.
Perhaps Mr. Paulson felt a debt of gratitude. After a multibillion-dollar score, throwing Greenie a few bones is the least he can do.
If Greenspan had any sense of decency, though, he wouldn’t take the dough. (But then again, if he had that he wouldn’t be making his successor’s job harder by running his mouth nonstop.)
For nearly two decades, Greenspan was a Delphic oracle. He practically spoke in hieroglyphics -- except when he was shifting blame. Then he retires, the spotlight moves away, and presto! The maestro can suddenly speak English. And so what does he do with this newfound ability? He says whatever comes into his head, brags about being indecipherable all those years before, and directly profits from the mass destruction he had a hand in creating.
If there was a “Jerk of the Decade” award, the maestro would be the front-runner.
It’s Official: Greenspan Is a Jerk
John Paulson (he of the bearish megabet) must also have a sense of humor. This is evidenced by his decision to hire Alan Greenspan. His firm, Paulson & Co., will be taking on the maestro as an official adviser.
One has to wonder, Is this a tongue-in-cheek quid pro quo or what? You scratch my back, I scratch yours? After all, it was Greenspan’s relentless flood of cheap money that got the bubble started in the first place.
Perhaps Mr. Paulson felt a debt of gratitude. After a multibillion-dollar score, throwing Greenie a few bones is the least he can do.
If Greenspan had any sense of decency, though, he wouldn’t take the dough. (But then again, if he had that he wouldn’t be making his successor’s job harder by running his mouth nonstop.)
For nearly two decades, Greenspan was a Delphic oracle. He practically spoke in hieroglyphics -- except when he was shifting blame. Then he retires, the spotlight moves away, and presto! The maestro can suddenly speak English. And so what does he do with this newfound ability? He says whatever comes into his head, brags about being indecipherable all those years before, and directly profits from the mass destruction he had a hand in creating.
If there was a “Jerk of the Decade” award, the maestro would be the front-runner.
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