Paper: The Crisis by Alan Greenspan

Recalling the 2007–09 financial crisis, former US Federal Reserve Chairman, Alan Greenspan says, (PDF paper link) to prevent a future financial crisis, the primary imperative must be increased regulatory capital and liquidity requirements on banks and significant increases in collateral requirements for globally traded financial products, irrespective of the financial institutions making the trades.

Essentially what he is saying is this: Who? Me to be blamed for the crisis? Nah…

Here’s CBS’ 60 Minutes take on the crisis – Inside The Collapse.


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