"Not only have individual financial institutions become less vulnerable to shocks from underlying risk factors, but also the financial system as a whole has become more resilient."
-- former Chairman of the Federal Reserve Alan Greenspan, in 2004
Notable quotable
Financial shock and awe 1
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Posted 2:58 PM on 9 Oct 2008
by Tom Philpott -
Posted in
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Grist food editor Tom Philpott farms and cooks at Maverick Farms, a sustainable-agriculture nonprofit and small farm in the Blue Ridge Mountains of North Carolina. Follow Tom’s Twitter feed here.
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archigeek Posted 11:21 pm
09 Oct 2008
lol
Oh, that Greenspan. He's a cut-up, ain't he? Please, Tigger, you and others in positions who could have had an impact on zealous and corrupt traders ignored the warnings of economists and other financial experts that the system was in danger of melting down. Yeeesh!
The mellotron is your friend.
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