Yesterday Greenspan seemed to admit he was wrong, or rather that the world wasn't behaving as he anticipated it would and that his anti-regulation, free-market ideology has a "flaw." He told a House committee Thursday that the banking and housing crisis is a "once-in-a-century credit tsunami."
Here's a round up of coverage on Greenspan's testimony:
- Live blogging by the NYTimes' DealBook
- The New York Times
- The Wall Street Journal – includes video as well as links to historical Greenspan coverage from the WSJ archives.
- The Financial Times
- NPR – link to listen to radio coverage from Morning Edition as well as an article
- New York Magazine's irreverent Daily Intel (a personal favorite, add to your feed reader!)