Brooksley Born was one of the authors of the official government report on the 2008 financial crisis. I bet it was Born who insisted on putting this knock against Alan Greenspan in the preface.
FINAL REPORT OF THE NATIONAL COMMISSION ON THE CAUSES OF THE FINANCIAL AND ECONOMIC CRISIS IN THE UNITED STATES
January 2011
“More than 30 years of deregulation and reliance on self-regulation by financial institutions, championed by former Federal Reserve chairman Alan Greenspan and others, supported by successive administrations and Congresses, and actively pushed by the powerful financial industry at every turn, had stripped away key safeguards, which could have helped avoid catastrophe.”
Speaking of banks, I am the victim of attempted fraud. A check I had mailed to the contractor replacing the deck was stolen somewhere between the post office and the contractor’s office. It was modified by the crook, who deposited the check in an ATM. Thanks to the notification settings on my account I caught it in time. Any withdrawal over $100 shows up in e-mail and as a text message. Lots of stress and hassle getting it all straightened out this week.