Well, don't need to listen to me on whether there was regulation that could improve outcomes. Now the Maestro is saying we should have some more regulation, too.
Greenspan softened his longstanding opposition to many forms of financial market regulation, acknowledging in an exchange with Waxman that he was "partially" wrong in his belief that some trading instruments, specifically credit default swaps, did not need oversight.
Economists are still supporting the buying of preferred shares over the mortgage buy-back, though. Guess you can't win 'em all.