BUSINESS

Alan Greenspan At Brookings: Regulators 'Did Little' To Stop The Rise Of Too Big To Fail Firms

05/19/2010 05:12 am ET | Updated May 25, 2011

Alan Greenspan, former chairman of the Federal Reserve, will be presenting [1] a 48-page paper [2] to the Brookings Institution tomorrow. For years considered "The Maestro" of our economic system, Greenspan's paper acknowledges that the Fed "did little" to address the systemic risks of banks that were growing increasingly complex, but he doubts that the recession could have been prevented.

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