complexity

30 Mar

Greenspan Attacks Increased Financial Regulation

By Walter

In an op-ed column in this morning’s Financial Times, former US Federal Reserve chairman, Alan Greenspan, predicted “unanticipated adverse outcomes” resulting from the implementation of the Dodd-Frank bill recently passed by the Congress in response to the recent disastrous consequences resulting from years of deregulation, aided and abetted by Greenspan himself. The basis for his prediction? The modern financial system is too complex to regulate.

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