fredag 24 oktober 2008

FT.com / In depth - ‘I made a mistake,’ admits Greenspan

The Financial Times about the credit crisis that today seems to spread to the industrial sector as well. The stock market is going down, down, under.

FT.com / In depth - ‘I made a mistake,’ admits Greenspan: "Alan Greenspan, the former Federal Reserve chairman, said on Thursday the credit crisis had exceeded anything he had imagined and admitted he was wrong to think that banks would protect themselves from financial market chaos.

“I made a mistake in presuming that the self-interest of organisations, specifically banks and others, was such that they were best capable of protecting their own shareholders,” he said."

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