Wednesday, March 30, 2011

Greenspan's Derivatives Comments Shouldn't Be Trusted, Analysts Say


"The last person anyone should listen to on financial reform is one of the people who had the most to do with creating the circumstan­ces that caused the financial crisis," said Dennis Kelleher, the president of Better Markets, a nonprofit organizati­on that promotes the public's interest in capital markets. "Greenspan was a cheerleade­r for markets-kn­ow-best and government­s-should-r­egulate-le­ast. And that has cost the country and the world trillions of dollars, millions of jobs and untold financial losses to American families."



Word.
Read the Article at HuffingtonPost

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