Alan Greenspan turns Socialist

#1
Greenspan Says He Was Wrong On Regulation - washingtonpost.com
"You found that your view of the world, your ideology was not right, it was not working?" said Rep. Henry A. Waxman (D-Calif.), the committee chairman.

"Absolutely, precisely," Greenspan said. "You know, that's precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well."
Greenspan alternately defended his legacy and acknowledged mistakes. Waxman asked whether the former chairman was wrong to consistently oppose regulating the multitrillion dollar derivative market that has contributed to the financial crisis.

"Well, partially," said Greenspan, before stressing the difference between credit-default swaps and other types of derivatives.
Oooh, smooth save. See, you only need to regulate the kind of profit- calculations that really screw up the economy when the bills come back...

Greenspan: Socialist.