I think this:
Quote:
Originally Posted by tisonlyi
Greenspan knew what he was doing as he was doing it, at least to a large degree. Perhaps he didn't know that he was going to end the system, though.
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is linked to this:
Quote:
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Mr. Greenspan said he had made a “mistake” in believing that banks in operating in their self-interest would be sufficient to protect their shareholders and the equity in their institutions.
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It seems under this is the tacit acknowledgment that human greed and normal self-interest (making profit) is abrading against the common sense belief that reasonable people would never allow their own greed outstrip their long-term interest of remaining viable.
It's like the racoon who sticks his paw through the hole and grabs the shiny object. But he can't pull his clenched fist back out from the hole without dropping the object...but can't because he's must have the shiny object. Then the hunter comes...
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