Former Federal Reserve Chairman Alan Greenspan’s retirement hit a new low this morning when he showed up on Capitol Hill and attempted to testify before the U.S. Senate Foreign Relations Committee, despite the fact that he hadn’t been asked to testify and the committee wasn’t in session. Not wanting to insult the former Federal Reserve Chairman, members of the Senate janitorial staff who happened to be there cleaning up after a late-night pizza party attempted to listen attentively and nod at the appropriate times as Greenspan offered a grim view of the world's rising vulnerability to high crude oil prices and admitted he was skeptical that oil producers can pump enough crude to meet future demand. Greenspan then left, only to return later in the afternoon to report that someone had apparently stolen his wallet.
Wednesday, June 07, 2006
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