A bit of a turnaround for the man whose name is associated with moral hazard, Alan Greenspan...

|By:, SA News Editor

A bit of a turnaround for the man whose name is associated with moral hazard, Alan Greenspan calls it "regrettable" that American policymakers have chosen bailouts over fallout when financial difficulties hit. He's also critical of the Fed's ZIRP, saying it makes it too easy for banks to earn money without lending.