Government bailouts of 'too big to fail' financials are the single biggest threat to the U.S.'s...

|By:, SA News Editor

Government bailouts of 'too big to fail' financials are the single biggest threat to the U.S.'s economic future, Alan Greenspan says, because a bailout "impairs creative destruction" by misdirecting funds to economically wasteful companies. Greenspan's also "puzzled" entrepreneurs aren't rushing to create new banks free of toxic assets.