Bailing out financial institutions viewed as "too big too fail" is the greatest threat to the free market and the economic future of the U.S., former Federal Reserve Chairman Alan Greenspan said Wednesday.
Greenspan lamented the growth in size of banks and other financial institutions in a speech at the conservative American Enterprise Institute (AEI) think-tank, suggesting the formation of new, less risky banks to replace the existing financial services infrastructure...
[Where the hell was Mr. Courageous when the decisions were being made?]
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Tuesday, June 9, 2009
Greenspan: Big bailouts biggest threat to U.S. economic future
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