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Politics : View from the Center and Left

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To: cnyndwllr who wrote (92277)	10/29/2008 9:40:23 AM
From: biotech_bull	Read Replies (1) of 541878

Ed, Great points. In Brooks' defense, he may have understood "rational calculation and maximizing self-interest" to include not killing the goose <g> But, like you, I find it hard to believe that Greenspan feigns surprise to see that Wall Street pursued short-term profits with a blinding single-mindedness. I think he is rationalizing and may well be giving us some dots to connect. This ties in with Greenspan's earlier statement about Wall Street's lack of integrity and loss of trust. He wants us to believe that he didn't know Wall Street was full of crooks and thieves! The question is what ulterior motive is he trying to rationalize away with these implausible claims? One possibility maybe to explain away how the Maestro and his infallible philosophy went so wrong, but one has to wonder if it could be the fact that the two bubbles he helped engineer led to the re-election of sitting Presidents? BB

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