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This article appears in the September 26, 2008 issue of Executive Intelligence Review.

The Facts in the Case of Alan Greenspan

by Lyndon H. LaRouche, Jr.

September 16, 2008

[PDF version of this article]

The death of the system that Alan Greenspan built is not in much doubt. However, the system of mesmerism which Mr. Greenspan employed, must appear to all well-informed students of history to have been entirely a product of Mr. Greenspan's plagiarism of the relevant gruesome tale originally published by the celebrated Edgar Allan Poe.

This is especially notable at the present moment when the horrid stench of the passing of many institutions such as Lehman Brothers and its numerous followers, makes the true history of these cases so stinkingly obvious.

The lesson to be learned by persons as ignorant of Classical literature and history as President George W. Bush, Jr., is that one should give a decent and timely burial to the already dead, rather than deluding oneself that one can rescue the already dead by infecting the sickness of the corpse, as by marriage, into the perilously ill, but still living.

Contrary to the delusion shared by many, since the collapse of Lehman Brothers, and the case of the over-ripe Northern Rock, the system of banking which Mr. Alan Greenspan adopted was implicitly a criminal practice from the outset, which was intended to loot one after another of still living chartered banks and other living business institutions into a continued coma which must ultimately lead to the death of those victims.

We must now separate the living from the should-be-dead among financial institutions, using the principle of national reorganization in bankruptcy under Federal protection as the mechanism for saving the economy, and chartered banks, by burying what should have been pronounced dead as the living-dead creatures harbored by Mr. Greenspan.

As it was in the end with Mr. Poe's case of M. Waldemar, the time has come to bury the dead, not spread the infection of the dead by marriage of the fatally disease-ridden to the living.

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