During the interview for the documentary Real Estate 4 Ransom, Prof Michael Hudson discusses Greenspan’s reputation in his formative days on Wall St, discussing a controversial 1966 incident.
by Prof. Michael Hudson
Global Research, March 31, 2011
Mr. Greenspan takes it all back. His Old Time Religion was right after all.
It all seems so long ago! On October 23, 2008, Alan Greenspan choked up a mea culpa for his deregulatory policy as Federal Reserve Chairman. “Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief,” he told the House Committee on Oversight and Government Reform. “The whole intellectual edifice, however, collapsed in the summer of last year.”