Thursday, April 8, 2010
The Financial Crisis Inquiry Commission is holding hearings this week, and Alan Greenspan defended his actions in the face of aggressive questioning from the panel, including Brooksley Born, former CFTC Chair whose warnings about unregulated OTC derivatives went unheeded. According to Greenspan, there's no point in second-guessing past decisions, and in his 21 years of service, he was right 70% of the time. WPost, Greenspan defends decisions before panel investigating crisis.
The Commission's website has live coverage, as well as videos and written statements, if you can stand it.