Bailout? The Vultures Stay Away

Speaking on last year's bailout I thought Alan Greenspan has something exceptionally wise and insightful to say"

"This bailout was the target of criticism from Greenspan, who said it was geared to support a faltering asset class. He argued that the prices of these assets should be allowed to fall until speculative excesses are wrung out and bargain-hunters emerge.

"If you intervene in the system, the vultures stay away," he said. "The vultures sometimes are very useful." "