http://dagblog.com/reader-blogs/no-comment-needed-12758 Comments for "No comment needed" en http://dagblog.com/comment/146727#comment-146727 <a id="comment-146727"></a> <p><em>In reply to <a href="http://dagblog.com/comment/146724#comment-146724">Lol. I&#039;d say that Baker was</a></em></p> <div class="field field-name-comment-body field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"><p>Yeah. I believe in capitalism but not capitalists.</p> </div></div></div> Sun, 15 Jan 2012 13:41:21 +0000 Flavius comment 146727 at http://dagblog.com http://dagblog.com/comment/146724#comment-146724 <a id="comment-146724"></a> <p><em>In reply to <a href="http://dagblog.com/reader-blogs/no-comment-needed-12758">No comment needed</a></em></p> <div class="field field-name-comment-body field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"><p>Lol.  I'd say that Baker was right, for his time.  In 2003, the tech bubble collapse was Greenspan's greatest failure. We were even debating, at the time, whether or not the Fed could even control asset bubbles or was just there to clean up the mess.  Also, around 2003, the debate was muddied by ethics discussions.  The behavior of Wall Street analysts was already well known, but the truth about corporation fraud (Worldcom/Enron/Tyco -- they all seem quaint now) was just coming out and it was about the be revealed that mutual funds, who seemed a bastion of sanity during the corporate fraud era, were allowing hedge funds to game their "1 NAV a day" system, at the expense of ordinary investors.</p> </div></div></div> Sun, 15 Jan 2012 10:12:32 +0000 Michael Maiello comment 146724 at http://dagblog.com