[Marxism] At the Pinnacle of Capitalism, Now Bad Deed Goes Unrewarded
michael at ecst.csuchico.edu
Sat Nov 14 20:29:22 MST 2009
This is rich. John Paulson who made billions betting against the
subprime mortgages is now rewarding Alan Greenspan, who did so much to
make it happen.
Anon. 2009. "Overheard." Wall Street Journal (13 November): p. C 14.
"John Paulson already has hired Alan Greenspan as an adviser. Now the
hedge-fund honcho is giving $20 million to business school NYU Stern to
endow two faculty chairs, including the Alan Greenspan Chair in
Economics. Mr. Paulson, who made billions betting against subprime
mortgages when the credit bubble burst, and the former Fed chairman are
NYU graduates. One subject worth studying? The dangers inherent in
keeping interest rates too low for too long."
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