Stanley Bing

Stanley Bing: Greenspan Is Shocked!

 

When a hurricane winds up in the Gulf to wreak destruction on coastal towns nearby, we look to the guys in the little beanies and pocket protectors to tell us how bad it will be, and we don't expect to wake up one morning to find the guy on the tube standing there with egg on his chin saying, "I'm shocked! There's a tsunami coming in five minutes and there's nothing we can do!" We fire that guy after it's over. If we live.

When Greenspan left office, he was carried out of Washington on a float. A host of vestal virgins strewed flowers at his feet, and book publishers lined up to line his pocket. Now he looks tired and sad and shocked. And all the congressmen looking to spin the bottle in the blame game, they're shocked, too. What a bunch of weenies. Is there anybody out there who's not shocked? Maybe those are the guys we should be listening to at this point.

To read more from Fortune's Stanley Bing, please click here.

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