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Log In / Register | May 20, 2013

Video: Greenspan Admits He Wrongly Believed that Markets Regulated Themselves

AP: Appearing before Congress, former Federal Reserve Chairman Alan Greenspan admitted the meltdown has revealed a flaw in his belief in deregulation, namely that markets will regulate themselves. The retired chairman declares that the U.S. is amidst a once-in-a-century "credit tsunami."
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