The Precipitous Fall of Alan Greenspan

Joining Trump, George Foreman and Tony Robbins at Learning Annex was probably not the best move. (Just the kind of people you want to convey the message that small is beautiful, sacrifice is good, and in the current financial climate we all need to tighten our belts.) Douglas Rushkoff:

What the hell was Alan Greenspan doing there? First off, he was trying to make some money. He had a new book out, and this was a good way to pitch it to a few thousand potential buyers at once. On a deeper level, though, we can only assume he was there to pump some much-needed air into the collapsing real estate balloon. These poor folks might just be dumb enough to try to borrow some money to purchase foreclosed properties from banks and other lenders that had themselves made disastrous investments during Greenspan’s tenure. His presence lent credibility to the current, lowbrow version of the same scam over which he presided as Fed Chair.

Let's hope for his sake that he's severed all his ties with this hucksterish, bubble-inflating, irrational exuberance-mongering, greed-is-good outfit. Hindsight is always 20/20, but still someone should run an attack ad against Greenspan even though he's not running for anything... just because he really deserves it.