'Oops,' Says Alan Greenspan, 'My BAAAAAAD!'

THE FINANCIAL TIMES

‘I made a mistake,’ admits Greenspan

By Alan Beattie and James Politi in Washington

Published: October 23 2008 17:37 | Last updated: October 23 2008 21:26

Alan Greenspan, the former Federal Reserve chairman, said on Thursday the credit crisis had exceeded anything he had imagined and admitted he was wrong to think that banks would protect themselves from financial market chaos.

“I made a mistake in presuming that the self-interest of organisations, specifically banks and others, was such that they were best capable of protecting their own shareholders,” he said.

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‘I made a mistake,’ admits Greenspan

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Didn't Greenspan retire in January 2006?

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He's a fraud. Always has been.

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LOL, Reg.....so true!

Greenspan was a member at the tennis club I used to work at. I never saw him there though.

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Charles McCord, on Imus this morning, was railing against Greenspan. He wants Greenspan, "and the whole lot of 'em" to be "lead away in handcuffs."

It was interesting to hear Charles speak this way, because I've never heard him editorialize like that when reading the news before. He was really, really, angry.