Politics & Government

October 23, 2008 7:13 PM

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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