Greenspan Concedes Error on Regulation - NYTimes.com

Greenspan Concedes Error on Regulation - NYTimes.com: "Mr. Greenspan conceded: “Yes, I’ve found a flaw. I don’t know how significant or permanent it is. But I’ve been very distressed by that fact.” 

 On a day that brought more bad news about rising home foreclosures and slumping employment, Mr. Greenspan refused to accept blame for the crisis but acknowledged that his belief in deregulation had been shaken."



'via Blog this'