Wednesday, October 15, 2008

CNN: Culprits of the Collapse

by Bill McBride on 10/15/2008 09:17:00 PM

CNN is running a series called Culprits of the Collapse. They are naming their top ten culprits.

The problem I have with this piece is it centers on Greenspan's monetary policy and ignores Greenspan's far larger mistake; opposing oversight when many people were pointing out the extremely lax lending standards.