Greenspan says US should consider breaking up big banks… ????

Is this guy bi-polar? Schizophrenic maybe?

Greenspan has spent his early days preaching restraint and sound money. Great!

Then when he was put in charge of the economy he immediately set about undermining the monetary system by doing exactly what he always said should not be done. As a result he pandered to the banks culminating in the repeal of Glass-Stegal thus having a direct hand in allowing banks to become big …. and now he says the big banks should be broken up?

http://www.bloomberg.com/apps/news?pid=20601110&sid=aJ8HPmNUfchg

The big banks shouldn’t have become big in the first place.

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