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Alan Greenspan Is Once Again Banging the Drum for Deregulation -- Is he Just Crazy?

The free-market fundamentalists who brought us economic collapse are now frantically rewriting history in an attempt to justify their mistakes and head off effective regulation.

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That “certainty” was so unshakable that Greenspan himself blew off repeated warnings of trouble in the subprime market, from us and others. But lack of regulation allowed financial institutions and speculators to build a house of cards whose collapse was inevitable.

The free-market fundamentalists like Greenspan who brought us economic collapse are now frantically rewriting history in an attempt to justify their mistakes and head off effective regulation of the financial sector. Sane people should ignore them.

Orson Aguilar is Executive Director and Preeti Vissa is Community Reinvestment Director at The Greenlining Institute .

 
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