Greenspan (or as my brother calls him...Greenslime) admits he was wrong...

  • Posted by a hidden member.
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    Oct 23, 2008 3:24 PM GMT
    "Former Federal Reserve Chairman Alan Greenspan called today for imposing some of the same sorts of regulations on mortgage securities he resisted when he was in office, acknowledging that the current financial crisis had exposed "a flaw" in his view of how the world and markets function. "

    http://www.washingtonpost.com/wp-dyn/content/article/2008/10/23/AR2008102300193.html?hpid=topnews

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    Oct 23, 2008 3:33 PM GMT
    Well it is about time. History will not be as kind to Mr. Greenspan as the adoring investors and politicians were in the 18 1/2 years he was Federal Reserve chairman. Mr. Bernanke will probably prove to be a wiser choice.
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    Oct 23, 2008 10:04 PM GMT
    Another libertoonian worshipper of Ayn Rand is reversed by reality.
  • GQjock

    Posts: 11649

    Oct 23, 2008 10:28 PM GMT
    But Ronnie is still a Saint icon_rolleyes.gif

    worship.gif