Pity the fool - The Business Facilities Blog - Economic Development.
Business Facilities
OCTOBER 24, 2008
The flaw, he explained, was that the banking giants had failed to regulate themselves, causing the intellectual edifice of the modern risk-management paradigm to collapse. So Alan Greenspan is shocked, shocked, that unregulated banks might get so greedy that they would act irresponsibly. Pay no attention to the man behind the curtain.
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