Alan Greenspan, former chair of the Federal Reserve, has died at age 100

Greenspan himself later acknowledged that “I made a mistake”

Critics pinned much of the blame for the crisis on Greenspan’s easy-money policies and on what they believed was an overexuberant faith in lightly supervised financial markets.
Greenspan himself later acknowledged that “I made a mistake” in assuming the nation’s banks, whose stability undergirds the financial system and the entire economy, could essentially regulate themselves.

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Love him or hate Greenspan, I appreciate that a person of great influence was able to accept responsibility for the impact of his actions.

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Source: Alan Greenspan, former chair of the Federal Reserve, has died at age 100 — WBNS RSS Feed: news / 10tv.com