In an op-ed in tomorrow's FT Alan Greenspan outlines the issues he sees with the Dodd-Frank Bill and the damage it will do to the American financial entities.
http://www.ft.com/cms/s/0/14662fd8-5a28-11e0-86d3-00144feab49a.html#axzz1HtbBWxDD
Sure, Dodd-Frank has issues, but for the Bill to get voted down the Republicans are going to need more than this joker, blaming Greenspan completely for the financial crisis is a bit strong, but his complete reliance on the ability of market participants to self-regulate by counterparty balance sheet analysis is a prime driver of the meltdown and is, in hindsight, the epitome of the EMH fallacy. His blinkeredness is astounding!
What is everyone's view on this? Why does anyone listen to this joker? Is Dodd-Frank going to be repealed? What then (business as usual)?
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