[napscoordinator]

I know that Greenspan is not a favorite on Free Republic, but I do like the fact that he is admitting that he made a mistake. Also, he is not a perfect human being that is sometimes expected. It is nice to have people omit mistakes every now and then because it sure is a rarity. I gotta at least give him kudos for that.

[ari-freedom]

no, he’s not blaming himself. He’s blaming the banks and other institutions.

[Arthur Wildfire! March]

Greenspan is a liar, providing cover for the ratts. They’re the reason for the meltdown:

The Timeline Project / Link List of Bailout History
http://www.freerepublic.com/focus/f-bloggers/2093845/posts

[AmericaUnited]

I know that Greenspan is not a favorite on Free Republic, but I do like the fact that he is admitting that he made a mistake.

OH PLEASE!!! The greatest economic carnage occurs since the Great Depression and you give him credit for admitting "a mistake"... ?@! What on earth else could he say?! He gets no credit.

[Carley]

Okay then. Saying ‘sorry’ means all is forgiven?????????

[Moonman62]

I know that Greenspan is not a favorite on Free Republic, but I do like the fact that he is admitting that he made a mistake.

His real mistake was keeping interest rates too high in 1999 and 2000, which helped slam down the economy and led to the situation where interest rates had to go very low.

All this finger pointing is going to result in more regulations that hurt the supply side of the economy and expensive demand side stimulus that doesn't work.