Hillarysworld

Alan Greenspan gave testimony at the inquiries on failures of banks and the derivatives and Brooksley Born, former Chairperson of CFTC was the one he was answering to!!!

Wow, the tables sure turned from the 1990's!

She asked him directly about the "too big to file" and whether the system charged with the responsibilities of ensuring companies do not grow too big to fail themselves fail in carrying out their mandates.  There were many times she challenged him on "fail".

Alan Greenspan admitted that he was wrong 30% of the time.


Tomorrow, Robert Rubin will be in the hot seat!  He will face in-depth questions over bank failures.