10/23/2008

Talk at noon at the University of Virginia Law School

Today I talk at noon at the University of Virginia Law School. Tomorrow I will be in Seattle to talk at noon for the lawyers chapter of the Federalist Society and will be held at something called the WAC. Both talks with touch on the bailout, though that will be the entire discussion of the talk in Seattle.

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Anonymous LifeLongLearning said...

Will you be addressing Greenspan's confession today about the real estate bubble and the follow-on financial meltdown:

http://www.ft.com/cms/s/0/aee9e3a2-a11f-11dd-82fd-000077b07658.html

Alan Greenspan, the former Federal Reserve chairman, said on Thursday the credit crisis had exceeded anything he had imagined and admitted he was wrong to think that banks would protect themselves from financial market chaos.

“I made a mistake in presuming that the self-interest of organisations, specifically banks and others, was such that they were best capable of protecting their own shareholders,” he said.

In the second of two days of tense hearings on Capitol Hill, Henry Waxman, chairman of the House of Representatives, clashed with current and former regulators and with Republicans on his own committee over blame for the financial crisis.

Mr Waxman said Mr Greenspan’s Federal Reserve – along with the Securities and Exchange Commission and the US Treasury – had propagated “the prevailing attitude in Washington... that the market always knows best.”

10/23/2008 9:56 PM  

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