Monday, April 12, 2010

70% Right?

Today is Monday, 12 April 2010.

Testifying last week before a special committee investigating the recent financial crisis, disgraced former Federal Reserve chair Alan Greenspan claimed that he’d got 70% of his decisions right, and 30% wrong.

As if a heart surgeon demanded praise for getting 70% of an operation right, although the 30% he got wrong, alas, killed the patient.

Frank Rich, writing yesterday in The New York Times, compared Greenspan to the captain of the Titanic, had the latter claimed he was on the correct course 70% of the time.

Would that Greenspan (acolyte of sociopath-"writer" Ayn Rand) were liable to a claw-back provision, so that every cent of taxpayer money paid to him could be recovered, with interest and penalties.

Both Greenspan and disgraced former Treasury Secretary Robert Rubin falsely testified that “no one” could have foreseen the crisis, when both know that many publicly warned against it. Even if “no one” had, the most cursory study of economic history since, say, 1500 would have tipped them off about the perils of "bubbles". And both are keen students of economic history.

Were Greenspan, Rubin, and their ilk mere blind fools, brainwashed by their false ideologies, and refusing to be blinded by reality? Or were they venal thugs, willing to betray and impoverish their country, while they lined their pockets with profits and power?

Given that both are devout monopoly capitalists, obviously the latter.

On this date in date in 1633, the trial by the Inquisition began against Galileo Galilei.

On this date in 1861, the traitors of the racist crime family known as the “Confederate States of America” began the American Civil War.

On this date in 1864, at the Battle of Fort Pillow in Tennessee, “Confederate” traitors massacred, in cold blood, more than 300 Black American soldiers who had surrendered. The traitors were led by “Major General” Nathan B. Forrest, who would later become a founder and first “Grand Wizard” of the white terrorist Ku Klux Klan.

On this date in 1945, Franklin Delano Roosevelt died.

On this date in 1961, Yuri Gagarin became the first human in space.


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