Chris wrote yesterday about Mr Bubble's endorsement of John McCain. I couldn't let this moment pass without noting that Greenspan and McCain's paths have crossed before:
In 1985, Keating hired Alan Greenspan as an economic consultant, in an effort to convince an oversight agency to exempt Lincoln Savings from certain regulations. Greenspan delivered a favorable report, writing that Lincoln Savings was "a financially strong institution that presents no foreseeable risk to depositors or the government." (Greenspan produced similar favorable reports on numerous other banks that also failed soon after.) The agency ultimately declined the request.
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