A titan has fallen.No,I'm not referring to Milton's epic mythopoesis where both Lucifer and then much later,Adam fell.This story is of much more recent vintage and nobody is 100 per cent certain how this plot will be resolved.But the millions who will be casting their votes in 10 days will have an active role in its resolution.
Dr Alan Greenspan cut a very pathetic figure when he appeared before the US House Oversight Committee earlier this week.Committee chairman Democratic Henry A ,Waxman must have been hard-pressed to haul such a legendary figure through the coals. I mean,how do you blame a legend for anything?Their icon status is supposed to exclude them from everyday blame,or so those who create icons would have us believe.But then this is no ordinary situation.It might be a classic drama playing to a full house of Nero fiddling while Rome burnt.
A man who walked with kings may now have to walk alone .I mean ,his decisions or lack thereof,have triggered a major catastrophe in American finances and consequently the global village.People are losing their jobs ,pensions, savings and even their minds.They number in the millions. So staggering and mind-boggling is this scene.
A man who holds the Presidential Medal of Freedom,the highest civilian award in the US,handed to him by NO LESS a person than President George Bush himself.A man who holds the Knight Commander of the British Empire and the Commander of the Legion d'honneur.So you can see as I reiterate-this is no ordinary man.Imagine such a noted economist,''la creme de la creme''coming meekly before the esteemed committee in Washington and admitting ''that the current global financial crisis had uncovered a flaw in how the free market system works and that he was shocked by the discovery'.His misguided belief'' that banks would be more prudent in their lending practices because of the need to protect their stockholders had proved to be wrong''.Now I am not buying these goods even though they come well wrapped in textbook terms,for it's hard for me as a layman to swallow it. I am sure Dr Greenspan must have known of the G factor[the GREED OF MEN].This G factor must be carefully considered by incoming President Barack Obama as he selects his personnel for key roles in his administration.
Causes enoch john Supports
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