[PEN-L:28271] Re: It's Greedspan's Fault?

["Seth Sandronsky" <ssandron@xxxxxxxxxxx>]

And now the story about the speculative bubble can be "told" by those who 
cheered its growth.  Today (July 21)The Sacramento Bee editorialized that 
Alan G., not George W., has the solution to the problem of Wall Street's 
woes.

Now is the time for all good progressive economists to speak out on the 
roots of the bubbly boom and bust.  The U.S. public needs to know that 
corporate fraud and "infectious greed" assume what needs to be explained 
about the financialization of social production for private profit.

Seth


Re: It's Greedspan's Fault?
by enilsson
21 July 2002

RE
> Fed Chief Now Blamed for Inflating Stock Bubble

The mass media--including the LA Times in which this article appeared--is 
perhaps more responsible for the bubble than anything else. They created the 
perception that "everyone" was becoming wealthy by investing in the stock 
market and if you weren't in the stock market you were an idiot.

Eric



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