I was browsing around the IRS site looking for some information on the stimulus package and I happened across this picture. It just screamed out for some creative editing.
Alan Greenspan is the former Chairman of the Federal Reserve which according to some is the most powerful position in the world.
Some argue that his easy credit policies led us into the tech and real estate bubbles. I don't think we can ever say for sure if that's true or not. However, we can picture him plotting his revenge against those that have wronged him.
Seriously, this is meant to be funny. I know only an economics nerd would see the humor in this but what the heck, it's my site and if I want a funny picture of Alan Greenspan then a funny picture of Alan Greenspan I'll have.
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Are credit card (the next 'bubble' to burst) companies really monopolies? Should they be more heavily regulated? 'In Economics, monopoly (also "Pure oligopoly") exists when a specific individual or enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it. [1] Monopolies are thus characterized by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods. [2] Alternatively (a modern and less common usage), it may be used as a verb or adjective to refer to the process (see Monopolism) by which a firm gains persistently greater market share than what is expected under perfect competition. The latter usage of the term is invoked in the theory of monopolistic competition.' 'Monopoly' Wikipedia http://en.wikipedia.org/wiki/Monopoly