
You don't need a Ph.D. in economics to understand that greed and altruism make for unlikely bedfellows. How unfortunate that it should take a complete meltdown of the financial system for deregulation ideologues to come to that realization on their own:
"Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief," said the former chairman of the Federal Reserve, Alan Greenspan, in addressing Congress on Oct. 23, 2008. "I’ve found a flaw (in my ideology). I don’t know how significant or permanent it is. But I’ve been very distressed by that fact."

