So on the one hand he's saying "It's all just human nature, nothing we can do about it" then on the other hand he's decrying market regulation - a system which is put in place to take into account, and curb the excesses of.. ..uh.. ..human nature!!!
Also he claims that the "capability of human beings when confronted with long periods of prosperity to presume that it will continue" is "unquenchable". Well if that were really the case, than how is it that so many of us were able to see that we were sitting on-top of a giant bubble about to go boom-boom? This dumb short-sightedness is not "unquenchable", the libertarian-capitalist system simply discourages 'quenching'. It ought to be the job of the people overseeing the markets (that's YOU Alan!) to tell the bankers the things they don't want to hear! And to tell them these things before the shit hits the fucking fan!
Seriously, why isn't this guy hanging from a gallows right now?
EDIT: Shit, I was supposed to post this in News, Current Events & Politics! Someone move it please!
