Greenspan at the Confessional

I hate to kick a man when he's down, but the NY Times beat me to it:

http://www.nytimes.com/2008/10/24/business/economy/24panel.html

I remember Greenspan raising interest rates towards the end of his tenure (ah, the days of earning 5% on basic money market accounts). Greenspan did see the excess--just not soon enough.

As Tom "American Treasure" Toles implies in this 3/4/05 Washington Post cartoon, how independent was Greenspan? Was much of Greenspan's unwillingness to raise rates was because of the Bush administration's policies and Greenspan's desire not to lose his job?

Tom Toles on the Bailout

In honor of the bailout, I give you Tom Toles. The man is an absolute genius.

http://www.washingtonpost.com/wp-srv/opinions/cartoonsandvideos/toles_main.html?name=Toles&date=09242008&type=c

(September 24, 2008, Washington Post)

Tom Toles on Debt Addiction

Tom Toles delivers another scathing, hilarious cartoon. This one's from February 28, 2008 (Washington Post). I love the comment at the lower right hand side.