• • Dean Baker: Why Didn’t We Make These Guys Run Around Naked With Their Underpants Over Their Heads?
Keane Bhatt, Truthout Alan Greenspan |Capitalism |Inaccurate | [Dean Baker:] If you’re an honest Ayn Rander - and I’m not putting words in [Alan Greenspan’s] mouth, she actually was Greenspan’s hero and his book mentions how much he admired her - you would’ve expected this. What was going on? You had these Wall Street honchos that were stealing. They were stealing from everyone. Stealing from the people taking out bad mortgages; stealing from the people that bought these junk mortgage-backed securities; and they were stealing from their shareholders - that’s because they were taking on enormous risk and a lot of shareholders like Bear Stearns and Lehman Brothers lost their shirts. But what would Ayn Rand say? These were supermen, they were great guys, they’re not bothered by that. So Greenspan should’ve expected this.