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>> JON STEWART Latest News

OCT 22, 2013 - Business Insider

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'YOU JUST LEARNED THIS?!?' — Jon Stewart Struggles To Understand How Former Fed Head Greenspan Missed Wall Street 'Screwiness'

Former Fed Chairman Alan Greenspan joined Jon Stewart on the Daily Show last night to promote his new book "The Man and the Territory" and discuss the errors of the financial crisis. Greenspan argued that, prior to the crisis, he thought banks would be better stewards of their own capital (and that tighter capital restrictions could have helped prevent the crisis). "Isn't it because they don't pay the penalty? The rewards that they were getting," Stewart asked. "The system was incentivized for these crazy short-term bursts of rewards." "We really can't forecast all that well and yet we ... Read More

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