Greenspan concedes to walk the plank and turns his back on the free market, admitting complicity in deregulation and apologizing for his hand in the crisis. Don't lament you old bean! You are the man and don't you ever forget that. You saved millions of people billions of $$ in interest. Just forget all about the much larger equity that vanished. (The Guardian)
Truly horrible news about poverty out today (Felix Salmon)
Is it the worst recession since the Great Depression? Yes, but that's a misnomer (Greg Mankiw)
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