Posts Tagged ‘finanancial meltdown’

Icelandic Exodus

April 14, 2010

Icelandic Exodus

More people left Iceland in 2009 than in any year since 1887. Some of those who remain line up in charity food lines. A country can expect this after its economy becomes “zombulated” by unregulated financial institutions and a right-wing, laissez-faire government.  In the words of current Prime Minister Johanna Sigurdardottir, “the ideology of an unregulated free market utterly failed.”

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Alan Greenspan at FCIC Hearing

April 8, 2010

Alan Greenspan at FCIC Hearing

Formerly legendary former Federal Reserve Chairman Alan Greenspan testified before the Financial Crisis Inquiry Commission on Wednesday.

The crisis? It wasn’t him and nobody saw it coming.

Free Market Fundamentalists take note: Mr. Greenspan has reversed his career-long position and now favors meaningful financial services regulation.

 

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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