Greenspan defends Fed record, blames regulators and others at financial crisis inquiry hearing

http://finance.yahoo.com/news/Greenspan-defends-record-at-apf-712700185.html;_ylt=AmO02EleSFNS.x7BkyYQqLC7YWsA;_ylu=X3oDMTE1aXBhOGNxBHBvcwMyBHNlYwN0b3BTdG9yaWVzBHNsawNncmVlbnNwYW5kZWY-?x=0&sec=topStories&pos=main&asset=&ccode=


Alan Greenspan defended his tenure Wednesday as head of the Federal Reserve before a panel investigating the roots of the financial crisis. As he has in the past, Greenspan disputed critics who say he kept interest rates too low for too long, encouraging risky lending.

Greenspan also hit back against criticism that his Fed failed to regulate high-risk loans to borrowers who couldn't afford the debt. Many of those loans became the toxic assets that sparked the crisis.

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有時我係度諗, 每一次慘劇發生後, 每個人都有責任,

次按危機發生了, 長期低息看似最灰禍手, 但係沒有這樣野,

那麼IT BUBBLES後, 經濟又點復甦起來?

咁我們亦可以話BUSH 執政差, 種下來既禍根

當然我們亦可以話人類根本係貪婪既動物,

大多數人都係BEING FOOL ...IGNORANCE 唔代表無罪,

但係大多數人都係無知的, 又可以點, 他們只係隨波逐流的一群


不過, 個問題係呢度......唔係話遊戲本身既問題,

而係規管者如何避免這件事既發生

同埋發現左問題後如何修正這件事, 令到佢唔再惡化下去



這方面, 我想我們祖國比較當機立斷......
當然祖國仍存有好多既問題, 那我們這一代應該想想如何為祖國出一分力,

修合無人見, 存心有天知