“If they’re too big to fail, they’re too big.” - Alan Greenspan
Greenspan was referring to big banks in reference to the damage they could cause to America if they fail, but its a chilling thought to apply this to America in reference to the damage we could cause to the world if we fail. Whose irresponsibility can we pin the banking crisis on? And consequently, whose irresponsibility can we pin America’s financial position on? Everyone was irresponsible and everyone is to blame. Some more than others, sure, but all anyone can do now (stateside and worldwide) is brace themselves and pick up the pieces when its all over.
