links for 2010-04-08

From the councils of government to the paneled boardrooms of Wall Street, the idea of Alan Greenspan erring once would have seemed rank heresy. Those days, however, are long gone. Pressed Wednesday to defend his stewardship of the U.S. economy in the years before a massive housing bubble collapsed, the former Fed chairman told a commission investigating the origins of the financial crisis: "In the business I was in, I was right 70% of the time, but I was wrong 30% of the time."