Greenspan denies blame for crisis, admits 'flaw'
Thursday October 23, 6:49 pm ET
By Martin Crutsinger and Marcy Gordon, Associated Press Writers
Greenspan badgered by lawmakers, denies blame for crisis but concedes 'flaw' in his thinking
WASHINGTON (AP) -- Badgered by lawmakers, former Federal Reserve Chairman Alan Greenspan denied the nation's economic crisis was his fault on Thursday but conceded the meltdown had revealed a flaw in a lifetime of economic thinking and left him in a "state of shocked disbelief."
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