Greenspan, Bubble-Head for Our Age

Alan Greenspan's much-anticipated speech Friday sounded like the first bars of his swan song -- sung to the tune of Je ne regrette rien.

At a regular Fed shindig in Jackson Hole, Wyo., the 76-year-old central banker absolved himself of any blame for the stock market bubble and attempted to discredit many of the criticisms of his tenure.

The stock market's dramatic bust and the economy's stagnation have led an increasing number of people to question his policies and his intellect. Some now believe that when the markets and economy stabilize, he will be edged out as Fed chairman. Perhaps knowing that his days are numbered, Greenspan on Friday delivered one of his most antagonistic and feisty speeches. ...