'Capitalism is not working'

Former US Treasury Secretary Paul O'Neill's recent book "The Price of Loyalty" contains various quotes attributed to Alan Greenspan. Although his comments on President Bush got much publicity recently, what the Fed maestro had to say was largely overlooked.

"Capitalism is not working! There has been a corrupting of the system of capitalism."

That quote, according to Paul O'Neill, was uttered by none other than Alan Greenspan at the height of the 2002 Enron et al. accounting scandals.


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