Time’s Public Enemy Contest
February 12, 2009 – 9:22 amIt’s time for the Wall Street elite to do the big CYA thing, and you can already see the distractions coming. Take a look at the line up Time says represents the final poll result.
TIME’s picks for the top 25 people to blame for the financial crisis includes everyone from former Federal Reserve chairman Alan Greenspan and former President George W. Bush to the former CEO of Merrill Lynch and you — the American consumer. As you read our choices, we’d like to know who you think deserves the most blame, and the least. After voting on the relative guilt (or innocence) of each person, view the full results here.
But Time magazine is part of the mainstream financial media machine, so it’s not surprising that their results leave out public enemy number one:
That’s right Alan Greenspan! Don’t agree? Then answer this question: who could have scammed and fleeced his fellow man were it not for the ammunition provided by Greenspan’s credit bubble? None in Time’s line up could have done what they did if Greenspan hadn’t been there to help. Furthermore, uncle Alan is a far better liar and con man than any of the scum outed by Time. Here’s an old gem:
And nostalgia I love it. This reminds me cheerfully of the irrational exuberance he said grandfatherly handed down while the stock market was inflating in the fall of 1996. Yeah, the irrational exuberance you created with interest rates near ZERO!
