Thursday, October 9, 2008

Blaming Alan Greenspan

New York Times article by Peter S. Goodman explores Alan Greenspan's role in the, still, unfolding 2008 World Economic Meltdown. It is noted that central to Greenspan's belief is the faith in the 'honor' of Wall Street and how he dismissed attempts at regulating derivatives. Or even discussion of possible ways and means to regulate derivatives.

And, if I may add (and I may, as this is my blog), it should be noted Alan Greenspan left the low interest tap open too much and too long and too often.