April 2010

They’ve Pulled Back the Curtain on Our Financial Wizards of OZ

So here we all sit with our diminished “fortunes” and estates to leave for our children. Congress spent last week grilling the very men we were led to believe were our “Financial Wizards” with solutions to all our problems. There they were before the once complicit Finance Committee investigating the Great Recession trying to discern what went wrong. There was Alan Greenspan, former Federal Reserve Chairman to several presidents of both parties.  This is not the same Mr. Greenspan who for years imbued us with conviction that he had his finger on the pulse of the economy even as he muttered gibberish in his Congressional testimony. This is not the same man CNBC assigned a theme song of “Mr.