Politics
Politics
Out of context: Reply #16608
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- ukit20
"And what regulations would prevent a person like greenspan from making such a decision/error?"
I was looking at it more in the sense that Greenspan himself was working to end regulations. He ignored any of the issues with housing market and was opposed to regulating deriviatives. Greenspan was basically an Objectionist/libertarian and even collaborated with Ayn Rand on a book they wrote together.
It's funny because at the time everyone hailed him as a genius, whereas in retrospect he helped create the biggest financial collapse in recent history.