The private Federal Reserve Banks are ordered by Congress to supervise banking practices to insure protection of the average citizen not the bankers. And according to a blurb in that article that is exactly where Greenspan failed the public. He should be arrested
Greenspan's culpability for the financial contagion that the U.S. subprime-mortgage mess is sending Asia's way is almost beside the point. The first hint Greenspan's fingerprints were on this crisis came in June, when former Fed colleague Edward Gramlich told the Wall Street Journal that Greenspan had opposed a proposal that would have boosted oversight of subprime lenders.
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