"it demonstrates its absolute failure as the only solution to avoid complete market panic and failure is public intervention, in the form of Fed guarantees over Bear Stearns liabilities."
Do you mean failure leads to public intervention? Should we insert a comma, or is it a typo?
Anyway, I find myself in an uneasy situation these days: I am a consultant, and the very person who bought my services for 4 months seems to like to talk quite a lot (not a problem), but also reckons that Greenspan "has always been brilliant", and that he's being extremely unfairly criticised now from things he can't help because he's no longer in charge...
I am unable to lie, but I find that I very quickly exhaust my limited repertoire of "really?", "interesting", or "mmm". "Few can believe that suffering, especially by others, is in vain. - Galbraith"
Happy to get clearer, improved wording suggestions! In the long run, we're all dead. John Maynard Keynes
But there was the impression that public intervention=failure, which of course is the case in libertarianworld. Here in realworld, it may not be so. So, what about, "failure that leads to public intervention after all". "Few can believe that suffering, especially by others, is in vain. - Galbraith"
It's similar to the situation one finds oneself in when asking "since a person like ME could assess Bush's war claims and analyze his statements and positions and the other available evidence to conclude that he was A LIAR, why couldn't those people in the Congress figure that out, too?" "Who could have known he would lie to us?" they ask, and millions of us answer "Us, you d***wads!"
So now they say "No-one could have predicted this," and we answer "Well, actually, just for starters, there's Jerome in Paris," so I hope those words turn into tomatoes and go flying back at you, Greenspan.
Karen in Austin 'tis strange I should be old and neither wise nor valiant. From "The Maid's Tragedy" by Beaumont & Fletcher
" . . . on the very day that self-regulation not only demonstrates its helplessness in the face of mounting market panic but also the need for public intervention, in the form of . . . "
I hope this doesn't come too late to be helpful.
" . . . on the very day that self-regulation demonstrates its helplessness in the face of mounting market panic, and therefore the need for public intervention, in the form of . . . "
on the very day that it demonstrates its absolute failure as the only solution to avoid complete market panic and failure is public intervention, in the form of Fed guarantees over Bear Stearns liabilities.
on the very day that self-regulation demonstrates its absolute failure, and the only solution to avoid complete market panic and collapse is seen to be public intervention, in the form of Fed guarantees over Bear Stearns liabilities.
remove the comma:
public intervention in the form It'd be nice if the battle were only against the right wingers, not half of the left on top of that — François in Paris
I was mentally inserting the comma in the wrong place, right after market panic, which sort of changed the meaning. "Few can believe that suffering, especially by others, is in vain. - Galbraith"
