Alan Greenspan, the "monetary policy genius" who was in charge of the Federal Reserve Bank for over twenty years,
justifies his anti-social policies in 2005...and expresses his shock and surprise at their outcome in 2008.
The man is a straight up liar.
He was Fed Chairman during the Savings and Loan scandal. He saw nearly a trillion dollar loss to the US banking system thanks to deregulation of the real estate lending industry.
He knows fully well that banks can't be trusted to lend without oversight.