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Originally Posted by AustinsCE
I'm sure there's no admission of Greenspan's own fault either...
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Well he does engage in some self-criticism. From the beginning of the article:
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Greenspan told the House Oversight Committee that his belief that banks would be more prudent in their lending practices because of the need to protect their stockholders had been proven wrong by the current crisis. He called this a "mistake" in his views and said he had been shocked by that.
Greenspan said he had made a "mistake" in believing that banks in operating in their self-interest would be sufficient to protect their shareholders and the equity in their institutions.
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2004 VW Jetta TDI (manual)
Past MB's: '96 E300D, '83 240D, '82 300D, '87 300D, '87 420SEL
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