Dismay: It won't buy you a cup of coffee anywhere in town

[Alan Greenspan] who ran the Federal Reserve from 1987 to 2006, has been rethinking his assumptions about how financial markets work best since the U.S. economic crisis deepened sharply last year; he now sees a much larger role for government regulation.

...He said he was "deeply dismayed" to realize in mid-2007 that the premise that firms were enlightened enough to monitor their own risks had "failed."

[From The Raw Story | Greenspan says recession will be 'longest and deepest' since '30s]