28 Oct 2013
Flash: Greenspan: The real question is, should I have done something different? - Rabobank
FXstreet.com (London) - Financial Markets research Teams at Rabobank mentioned that the Former Fed Chairman Alan Greenspan was in the media over the weekend to try to plug his new book.
Key Quotes:
“Perhaps as might be expected, he offered no mea culpa for the global financial crisis, stating to a journalist: “The real question is, should I have done something different? And the answer to that question is no. Did we make mistakes? You bet we made mistakes. But I thought our record was fairly good.””
“Given that back in 2008 the US media were actually questioning if it was ‘the end of capitalism’, and that at the end of 2013 the Fed is still supporting the economy with USD85bn of monthly bond purchases, just a little more self-reflection and doubt from the former maestro would have been welcome”.
Key Quotes:
“Perhaps as might be expected, he offered no mea culpa for the global financial crisis, stating to a journalist: “The real question is, should I have done something different? And the answer to that question is no. Did we make mistakes? You bet we made mistakes. But I thought our record was fairly good.””
“Given that back in 2008 the US media were actually questioning if it was ‘the end of capitalism’, and that at the end of 2013 the Fed is still supporting the economy with USD85bn of monthly bond purchases, just a little more self-reflection and doubt from the former maestro would have been welcome”.