Rolling Stone contributor Matt Taibbi has just published a new book, “Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America”. According to Yahoo Finance – Tech Ticker, Taibbi lays the blame for the financial crisis largely at the feet of one man: Alan Greenspan.
“He had this specific role as the Fed chief and created this psychological condition on the Street where everybody knew that every time they screwed up … he would come to their rescue. Daddy would bail everybody out with all this cheap money,” said Taibbi.
Source: Yahoo Finance – Tech Ticker, November 24, 2010.
