Yesterday an article ran in the Financial Times by former Federal Reserve chairman Alan Greenspan. Nevermind that much of the blame for our current housing situation may rest upon his shoulders, his recent articles (he piped up again a couple weeks ago) have bugged me a bit. Is it right for the former chairman to be throwing his opinion out there so publicly? It seems he’s essentially undermining the efforts of the current chairman, Ben Bernanke, every time he opens his mouth. And since he is the former golden boy, the markets and everyone listens.
Mr. Greenspan – you’re retired. How about being quiet, and showing some respect for the efforts being put forth by Mr. Bernanke? We don’t see the previous President of the United States playing armchair quarterback, and I don’t think you should either.