Politics & Government

October 23, 2008

Greenspan takes some blame for financial meltdown

Former Fed Chairman Alan Greenspan was once called the Maestro for his steady stewardship of the U.S. economy. On Thursday, he told a House committee that the views he's long held — less regulation and letting the markets police themselves — are now in question. Separately, the head of the FDIC said on Thursday that the federal government could provide loan guarantees for reworked mortgages as a way to ease the housing crisis.

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