Tuesday, March 03, 2009

The Flaw in the System: The Bankers Don't Care About Banks

Alan Greenspan says he is in a "state of shocked disbelief" that the concept of self-interest did not protect the banks from taking excessive risks and destroying themselves. But he, along with Tim Geithner and many others, are missing the fundamental flaw in the system. The bankers don't care about the banks; they care about the bankers.

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