I will admit that I am incapable of watching BBC in an unguarded manner; BBC is a state propaganda organ and is a very sophisticated operation both in terms of the quality of the product and the subtlety of the disinformation. This product was not an exception.

Various matters bug me about this installment of BBC's attempt to write history:

1) Given that Ayn Rand's little group in NYC was effectively demonstrated to be a cult, complete with cult leader issuing sexual and emotional demands on cult members, almost zero time is spent discussing just how is it that our little bright thing, dear Alan do i exist Greenspan reconciled his extreme devotion to Objectivism and Ayn Rand as full card carrying member of the said cult, with the top-down, regulatory, and highly un-Randian Federal Reserve and Fractional Reserve Banking. Really interesting topic. Just a job, Alan?

2) Blame the geeks. Sorry to inform BBC's historic revisionism department, but the customer facing banks that gave out silly loans did not do so "because of their trust in new computer models". That is a blatant lie. The fact is investment banks, which were unfettered by regulatory oversight overturned by the GoldmanSachs cum Treasury Dept gang of Rubin et al, had informed the edge nodes of their financial network to "roll everything into trunches and securitize it as Fixed Income Instruments and we will sell it". That is the historic fact. (And no, they were not reassured by their "computer models"; their assurance came from the fact that EVERY SINGLE influential member of this clique moves between NYC and DC between Wall Street and Federal Government. "Too big to fail", and all that.)

3) Cute distraction down memory lane (hi Monica!) but the crime of Bill Clinton wasn't listening to the ("hyper rational") Alan Greenspan regarding "interest rates". It was the willful dismantling of the compartmentalized financial system to enable the scam outlined in step (2) above.