How Alan Greenspan Wrecked The Economy

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Posted on Oct 27, 2008 @ 04:07PM  
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AND HOW Greenspan

We mentioned it this morning, but it bears repeating: If you only read one story this week about the financial crisis, read Peter Goodman's extraordinary takedown of Alan Greenspan in today's New York Times.

Among the highlights:

• While Warren Buffett and and Felix Rohatyn were calling derivatives "financial weapons of mass destruction" and potential "hydrogen bombs", Greenspan was collaborating with Robert Rubin and Larry Summers during the Clinton administration to prevent all efforts to regulate them.

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