'Vindictive' regulation.
| Author | Greenspan, Alan |
| Position | Off the News - Column - Brief article |
"The critical issue is contagion. You can have a financial system with banks making all sorts of horrible loans, but if they're well capitalized, all of the losses go to the shareholders."
"So you changed your opposition to banking regulation?"
"Of course. I was wrong. You have to regulate the system. My concern about regulation is...
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