Throughout the last 15 years, Alan Greenspan, the once illustrious FED Chairman, had indulged in an irresponsible deregulation of the American banking system, ignoring occasional warnings from subaltern officials. He had full trust in the self-regulating capacity of Wall Street and could fully rely on the backing of US Presidents, in particular G.W. Bush. Today,… » read more

Posted by Eberhard Rhein