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Humiliations fords, high priest of UollS capital dism
photo: afp latest related coverage greenspan 'shocked' by breakdown video: former us federal reserve chairman alan greenspan tells congress the financial crisis is a once in a century event .
other the acknowledgement by alan greenspan that he made a mistake in managing the us financial system into what has become one of the greatest catastrophes in the four centuries since the rise of financial capitalism .
they forced the 82-year-old into using the word mistake, yet he still, only utteredicting it once in the four-hour hearing: i made a mistake in presuming the self-interests of organisations, specifically banks and others, were such as that they were best collapable of protecting their own shareholders and their equity in the firms .
Generated 2008-10-26_11:24
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