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When we write this up, I'll guarantee you, before the ink is dry, some 22-year-old is going to come out and figure six different ways to get around what I've just written. Senate Banking Committee Chairman Chris Dodd on the proposed Restoring American Financial Stability Act [.pdf] [more inside]
posted by HP LaserJet P10006 on Apr 22, 2010 - 37 comments

Today, while testifying for only the second time on Capitol Hill since the financial crisis began, [former Fed chairman] Alan Greenspan said the Fed closely monitored the subprime market [...]"I was right 70% of the time, but I was wrong 30% of the time, and there were an awful lot of mistakes in 21 years...". But Greenspan's defense of his record today rang hollow to many seasoned observers, if not downright deceitful.
posted by HP LaserJet P10006 on Apr 7, 2010 - 44 comments