Alan Greenspan, once lauded as maestro of the financial system, was yesterday subjected to a rare public grilling on Capitol Hill, accused of causing or at least failing to prevent economic meltdown.
Phil Angelides, the former California state treasurer who leads the Financial Crisis Inquiry Commission, asked the former chairman of the Federal Reserve if the Bank's failure to curb subprime lending as the housing bubble unfolded fell into the category of "oops".
