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."

  
[Photo courtesty of Getty Images, via WSJ]

Here's a transcript of the testimony and others at the Hearing page on the Oversight & Government Reform committee website.

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.
• Bloomberg
• 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!)