Alan Greenspan admits a “mistake”

by lestro

I am just completely taken aback by this admission

Facing a firing line of questions from Washington lawmakers, Alan Greenspan, the former Federal Reserve chairman once considered the infallible maestro of the financial system, admitted on Thursday that he “made a mistake” in trusting that free markets could regulate themselves without government oversight.

Wow.  Shit must be worse than we thought.

Greenspan was all about deregulation and all about the market being the answer to the ills of the world.

But what he failed to count on was the overwhelming greed.

Which seems odd, because no one gets into the market because it is fulfilling, they get in to make MONEY. Usually at any cost.  Didn’t he see Bonfire of the Vanities or Wall Street?

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