Wednesday, July 27, 2011
Regulators must risk more, and intervene less | The A-List | Must-read views on today’s top news stories – FT.com – FT.com
The Maestro just won't shut up. Regulators must risk more, and intervene less | The A-List | Must-read views on today’s top news stories – FT.com – FT.com
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We should not, perhaps, be surprised by Alan Greenspan's call for less stringent financial regulation. I suspect Mr. Greenspan has long had the capital to view increasing financial risk as personal opportunity rather than national threat. By contrast, his failure to differentiate epochal natural disasters from devastating man-made crises is astonishing. This is all the more true because his policies made our recent economic earthquake more likely.
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