• 18 Feb 2011 at 1:45 PM

Alan Greenspan Takes Credit For The Financial Crisis

By Bess Levin

“The morning after we learned of the news,” Greenspan said of the Dow Jones plunging 6.98 percent that day in September 2008, “I was able to look myself in the mirror and say, ‘Hey, not bad.’” Sure, if he’d tried just a little harder he could’ve done better– 10 percent would’ve been a dream– but really, all things considering, not bad! Solid B+ work. [NYU via BI]

Comments (14)

  1. 1
    Posted by Guestosaurus | February 18, 2011 at 6:58 PM

    crazy things come into your head when you look in the mirror and see a turtle without its shell

  2. 2
    Posted by Guestosaurus | February 18, 2011 at 6:58 PM

    crazy things come into your head when you look in the mirror and see a turtle without its shell

  3. 3
    Posted by Andrea Mitchell | February 18, 2011 at 7:06 PM

    I’m not the only thing he’s been fucking for the last decade.

  4. 4
    Posted by Hank_Paulson | February 18, 2011 at 7:15 PM

    I saw him naked once, whereupon I leaned over and quietly told him, “With all due respect Mr. Greenspan, I used to think you were crazy, but now I can see your nuts.”

  5. 5
    Posted by Hank_Paulson | February 18, 2011 at 7:15 PM

    I saw him naked once, whereupon I leaned over and quietly told him, “With all due respect Mr. Greenspan, I used to think you were crazy, but now I can see your nuts.”

  6. 6
    Posted by Flan Rapist | February 18, 2011 at 7:18 PM

    Alan, I appreciate what you are doing here, but we all know it was my fault.

    Yours truly,

    Lloyd

  7. 7
    Posted by Guest | February 18, 2011 at 7:22 PM

    he was talking about black monday in 1987, not sept 2008

  8. 8
    Posted by Guest | February 18, 2011 at 7:26 PM

    No. He wasn’t.

    Greenspan brought up the fateful day in September 2008 when the Dow Jones industrial average plunged 6.98 percent. However, life picked up for him after the initial shock.

    “The morning after we learned of the news,” he said, “I was able to look myself in the mirror and say, ‘Hey, not bad.’”

  9. 9
    Posted by guest | February 18, 2011 at 7:32 PM

    Greenspan responded: “Whenever I get gloomy, I think of Winston Churchill: ‘America always does the right things … after it has tried every other viable alternative.”

    Whatever Mr. Greenspan

    I’ve been to a few of these speeches where former national level figures speak. I find them unenlightening because the ones that I’ve seen the figure still uses the same language, metaphors, slogans, etc they used while in the spotlight.

    I go always expecting to peek behind the curtain and see how things really work, but no.

  10. 10
    Posted by Guest | February 18, 2011 at 7:36 PM

    yeah, i’m saying the article is wrong. editor completely took that quote out of context

  11. 11
    Posted by Guesticle | February 18, 2011 at 9:53 PM

    The problem is treating economics as a subset of science when it is at best a subset of history and at worst a subset of creative writing.

  12. 12
    Posted by Superset > subset | February 18, 2011 at 10:56 PM

    MBA > CFA > economics

    in a subset sense…

    But then again, the economists are often assholes, and therefore have non-trivial topology, whereas CFAs and MBAs are plain idiots, so pretty simple indeed.

    – An algebraic geometry PhD who has since gotten into CDOs, and still hopes to find some use for his wasted college years.

  13. 13
    Posted by Guest | February 21, 2011 at 1:13 PM

    If the only solution is the non-trivial solution, then it is a zero sum game.

  14. 14
    Posted by Seaman Bodine | February 21, 2011 at 3:05 PM

    there is a light and it never goes out…

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