The MORON who got us into this mess

can testify before Congress, and says that he was "shocked" of the magnitude of the mess.
!!!
Lowering interest rates to 1% means you WANT people to SPEND, because you are PUNISHING savers! F'ing moron, I am so mad at this guy, that he still can get away with his lies and that Congress invites him, go figure. In Japan, people would commit suicide to save the family honor...

ARTICLE

Former Federal Reserve Chairman Alan Greenspan told Congress on Thursday he is "shocked" at the breakdown in U.S. credit markets and said he was "partially" wrong to resist regulation of some securities.

Despite concerns he had in 2005 that risks were being underestimated by investors, "this crisis, however, has turned out to be much broader than anything I could have imagined," Greenspan said to the House of Representatives Committee on Oversight and Government Reform.

"Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity (myself especially) are in a state of shocked disbelief," said Greenspan, who stepped down from the Fed in 2006.