fix articles 442261, by felix wadewitz Los Angeles Indymedia : tag : by felix wadewitz

by felix wadewitz

Greenspan and the Guilt of Others (tags)

Before the committee, Greenspan immediately went on the offensive (cf. Creole trick). The irresponsible loans of banks caused the crisis, not the low interest of the Fed. The Fed failed in regulating the banks because its employees were not neutral.

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