Financial Collapse - Old systems fail due to wrong understanding of what works

Former Federal Reserve Chairman, Alan Greenspan, has been identified as a prime culprit in creating the conditions for the financial crisis, in particular for opposing greater regulation and fostering a housing bubble. Today, Greenspan is getting his turn on Capitol Hill. And this time, he's speaking in terms we can all understand: admitting some responsibility, while trying to deflect ultimate blame. http://amplify.com/u/a16af5