In a novel approach to the ongoing blame game, in which financial writers, economists, and politicians attempt to assign blame for the current housing and credit market mess, Wolfgang Munchau of the Financial Times takes the unusual approach of blaming central bankers but specifically absolving former Fed chief Alan Greenspan.Is that a reasonable thing to do?If, as he says, central bankers got us into this mess (see below) and "this mess" appears to have originated in the U.S. where it now appears to the[...]
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[Source: The Money Blogs]
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