Friday, October 24, 2008

Greenspan Concedes Error on Regulation

Hi everyone,

The cold water wakes up even libertarians, eventually.

Greenspan Concedes Error on Regulation - NYTimes.com

But on Thursday, almost three years after stepping down as chairman of the Federal Reserve, a humbled Mr. Greenspan admitted that he had put too much faith in the self-correcting power of free markets and had failed to anticipate the self-destructive power of wanton mortgage lending.

And so on.

Mp

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