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!)
During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.