Rewriting history: Grumpy old men

Alan Greenspan’s Wall Street Journal op-ed this week isn’t an edifying read. It’s not that the article on the roots of the US mortgage crisis and the role of the Fed is badly argued. The problem is its “it wasn’t my fault” subtext. Likewise, Sandy Weill told Bloomberg that the new bosses at Citigroup need to take action because the world has changed since he was in charge. But many of the bank’s problems stem from his failure to integrate the sprawling empire he built. Both men seem to be protes...