Greenspan would rather be known as an idiot then as the man who created

...the economic and financial train wreck that is now being unleashed on the world. Greenspan is the "King of Denial". Contrary to what he is now saying, he knew exactly what he was doing when he built the "wall of money" out of hedge funds to cover the bankruptcy of the system after the 1987 crash. What soon followed after that was the complete destruction of the Savings and Loan system of neighborhood and local mortgage lending institutions which provided homeowners and local small businesses stable credit sources.



So what we have today is a Federal Reserve system pouring hundreds of billions of dollars into the salvaging of hedge fund speculators and nothing for the tens of millions of homeowners and small businesses facing foreclosure.
Thanks Alan! The wolf will be knocking on a lot of doors in the coming months and tens of thousands of families will be out in the streets homeless because of what Greenspan created.

In a roundabout way, something like: "I didn't do it and it wont be too bad anyway."

Hmm, if he is already denying responsibility, it makes me think we are in for a pretty bad time.

social security refunding in the early Gipper days. While the highest tax rates were being slashed, working people were saddled with much higher payroll tax rate on a much higher base, thereby generating trillions of dollars to later be raided from the fabled "lockbox" for sprinkling on the most affluent. Greenspan, who supported W's tax cuts via that raid on the lockbox, is a name that will live in infamy.

...which is a term that is code for looting the trillions of dollars the fund represents. One of the few if not only social financial safety net for all Americans and these parasites want to steal it and use the funds for speculation and gambling.