Archives for: Alan Greenspan
Systemic banking fraud means next crisis will be worse
by Mitch Feierstein about 6 years 2 months ago
Henry Paulson. Hank. Remember him? Of the crisis in 2008, he said: “Where I come from, if someone takes a risk and they’re going to make the profit from that risk, they shouldn’t have the taxpayer pay for the losses.” Quite the wisdom one expects from the 74th U.S. Secretary of the Treasury. Yet, as […]
Too little reform, central bank risk and banking fraud – have we not learnt anything?
by Mitch Feierstein about 8 years 6 months ago
Henry Paulson. “Hank”. Remember him? Lean, balding, the flared nostrils of a man perpetually haunted by the memory of having to clean dog’s mess from the shoes of his neighbour’s children. Of the crisis in 2008, he said, “Where I come from, if someone takes a risk and they’re going to make the profit from […]