Sunday, August 1, 2010

Meet the Press still takes Greenspan seriously!

MR. GREGORY: Slow growth and high unemployment, why does Recovery Summer still feel like a recession? New York Mayor Mike Bloomberg, former Fed chair Alan Greenspan, and Governor Ed Rendell of Pennsylvania weigh in right after this brief commercial break.

That makes a lot of sense - ask Greenspan, the person who is most responsible for creating the economic crisis, and Bloomberg, one of those who benefited most from derivatives, for the solution to the crisis. Not surprisingly, they floated the "Catfood Commission" toward the end of their discussion. That's their "final solution."