by Calculated Risk on 10/15/2008 09:17:00 PM
Wednesday, October 15, 2008
CNN: Culprits of the Collapse
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.