Greenspan’s “Bombshell:” Markets Can’t Self-Regulate

It is a sad commentary that our former FedHead now believes that blind deregulation leads to market upheaval. Sad in that he (and his Congressional fellow-believers) did not think about it years ago. Even sadder that a large part of why the free market, “self-regulation” and such ideas present in the Paulson plan first version is the lack of ethical behavior (self-centeredness beyond greed) by so many financial industry leaders. It is no surprise they dont trust each other and that the public no longer trusts them.

That’s my view. What’s yours?

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What Made jack welch JACK WELCH

How Ordinary People Become
Extraordinary Leaders

by Stephen H. Baum (Random House)

Most leaders of American companies started out as ordinary people. What prepared them for the top job?

Countless more ordinary people of equal talent never developed the leadership core required to run the show. Why not?

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--Jim Clifton, CEO, The Gallup Organization

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