Tuesday 25 July 2017

The price of regulatory failure? A plum job in the banking establishment. . .

Alan Greenspan with a bronze bust of Adam Smith. One of these is revered as a titan of economics...
Alan Greenspan with a bronze bust of Adam Smith. One of these is revered as a titan of economics...

Wonderful article by Bruce Arnold on Monday (Comment, June 27) warning us against Peter Sutherland and his ilk.

In the '80s, Alan Greenspan wrote a letter that advocated and championed the way in which Lincoln Savings and Loan Association was being run in California.

Subsequently, the risky investments made by this once-conscientious institution led to its collapse and the necessity that it be bailed out by the American taxpayer.

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