WASHINGTON, DC - MARCH 15: Former Fannie Mae Chairman and CEO Franklin Raines (R) attends a discussion with former Federal Reserve Bank Chairman Alan Greenspan at the Council of Foreign Relations on ... more 
WASHINGTON, DC - MARCH 15: Former Fannie Mae Chairman and CEO Franklin Raines (R) attends a discussion with former Federal Reserve Bank Chairman Alan Greenspan at the Council of Foreign Relations on March 15, 2011 in Washington, DC. Fed chairman from 1987 to 2006, Greenspan discussed the "economic costs of government activism." In the wake of the recent financial crisis and massive recession, Greenspan said he was wrong to oppose regulation of derivatives and admitted that financial institutions didn't protect shareholders and investments as well as he expected. On a list of 25 people to blame for the financial crisis, Time Magazine placed him at number three. (Photo by Chip Somodevilla/Getty Images) less 
1 / 29
Getty Images | Photo By Chip Somodevilla / Getty Images
Tue, Mar 15, 2011 9:40 AM EDT