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Klein Blames Greenspan Deregulation for Economic Crisis

submitted by Farhad2000

1 decade 5 years 3 months 1 week ago

Liberal commentator Naomi Klein blames Alan Greenspan for the current economic crisis, citing the former Federal Reserve Chairman's push to deregulate financial systems such as derivatives markets as a key element of the crisis.

7 Comments

An AP report from October 2008 - Badgered by lawmakers, former Federal Reserve Chairman Alan Greenspan denied the nation's economic crisis was his fault on Thursday but conceded the meltdown had revealed a flaw in a lifetime of economic thinking.

From 2007. Alan Greenspan forecasting the economies state and the credit crunch problems, upon creation of Greenspan Associates.

Moving this video to Farhad2000's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.

*beg

Sending this video to Beggar's Canyon to plea for a little attention - beg requested by original submitter Farhad2000.

*promote

Self promoting this video and sending it back into the queue for one more try; last queued - promote requested by original submitter Farhad2000.

Isn't derivatives trading a zero-sum game?

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