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Wednesday, August 29, 2007

MMI: The Answer Is Blowing In the Wind

by Tanta on 8/29/2007 08:42:00 AM

It appears that Barack Obama has had the gall to suggest funding homeowner bailouts with fines from predatory lenders instead of the taxpayer's dime. You know what that means:

The proposal is among the most radical yet from a leading Democrat and comes as Washington tries to respond to a growing wave of foreclosures and a crisis in credit markets.
Yeah, too crazy. Just like that tobacco settlement thing . . . totally radical. Next thing you know they'll be playing the Internationale on the Senate floor.

Fear not, lovers of that which is not radical: the Maestro has blown in/been blown in/benefitted from the blow in/blown it/whatever:
The ill winds blowing out of Wall Street could have one well-known beneficiary: Alan Greenspan. The credit crunch of the last few weeks has put the former Fed chairman back in the news. Some pundits have suggested that Greenspan would have responded more energetically than Ben Bernanke has, while others have charged that Greenspan bears much of the blame for the market troubles because of the cheap-money policies implemented during his tenure. Just in time to take advantage of this buzz comes Greenspan's book, The Age of Turbulence: Adventures in a New World, which hits the stores on Sept. 17.
If you need me on September 17, I'll be at Barnes and Noble buying a copy of Zen and the Art of Motorcycle Maintenance.