grades. it was tolerated. where were these free-market, dedicated regulators from alan greenspan, the fed chairman on down, to stop this? they were so persuaded by their own market ideology and perhaps by the power of wall street itself, they did not look into this. but is it the cyclical overdose of greed that has created this? because once people get a certain taste for it, it s hard to let it go? well, you put your finger on it. once you get a taste for it and you are not checked and it s tolerated culturally, it keeps going. and this excess was a function of greed. very high fees. lots of money made on very risky deals, and people didn t understand the level of risk. and so on and so forth. but people always tell me, hey, greed always existed. yeah, we have a tendency to greed, but we don t have tendency of greed that overruns. jeff madrick, nice to have you here again. the book is called age of greed, and i appreciate you
with o i m going to cure everybody who s nauseous, and my sister talks to big foot who s her neighbor. three s company had two dumb girls. i buy stickers for folks in prison, i bring milk, not backyard meth, it s a prison party. not backyard meth. mama gets a what what. badlipreading.com. this is a perfect time to ask howard about his intelligence squared debate last night. that you participated in. that was freaky to look at michele bauchmann talking isn t that something? yeah, it is. tell us about it. actually it was a fun debate, intelligence squared is a speakers series at nyu. and jeff madrick and i, who is an author, were debating with the granddaughter of the former president and we prevailed and convinced the crowd to change their mind. and grandma s benefits do not