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发帖数: 4321 | 1 老白茶袋子被击破了。
Greenspan is then asked point blank over his alleged belief in the ability
for the market to correct itself in lieu of government regulation.
Q. You mentioned in 2008 at a Congressional hearing that you had placed too
much faith into self-correction on the part of markets, so do you think the
new regulations will protect the public?
A. It’s doubtful. I was on the J.P. Morgan board where we were acutely
aware of maintaining our credit rating and how important that was. I thought
all banks thought that way and they would be the best protectors, but I was
mistaken. A number of banks allowed significant contraction of capital and
indeed, towards the end Bear Stearns had 3% capital, unheard of in a banking
system. I’ve had to change my view and you cannot count on bankers to
protect their own equity. This is why I’m strongly supportive of higher
regulated capital requirements now. | w*****2
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