Greenspan’s “Bombshell:” Markets Can’t Self-Regulate

It is a sad commentary that our former FedHead now believes that blind deregulation leads to market upheaval. Sad in that he (and his Congressional fellow-believers) did not think about it years ago. Even sadder that a large part of why the free market, “self-regulation” and such ideas present in the Paulson plan first version is the lack of ethical behavior (self-centeredness beyond greed) by so many financial industry leaders. It is no surprise they dont trust each other and that the public no longer trusts them.

That’s my view. What’s yours?


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How Ordinary People Become
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