The Maestro No More

March 21, 2010 by Seeking Alpha  
Filed under Investment Ideas

Original Article from Seeking Alpha Editor’s Pick

Tim Iacono submits:

The defense of monetary policy during the gestation years of the housing bubble was reiterated (yet again) on Thursday by former Fed chief Alan Greenspan in a paper(.pdf) titled "The Crisis" that was presented on Friday at the Brookings Institution.

While the 48 pages of text and the 18 page appendix await attention that they were unlikely to receive from me on Friday,

the contents are quite clear based on reports in the mainstream financial media and the two central points appear to be:

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