Federal Reserve's libertarian orientation may have precipitated the subprime crisis

For those of you interested in finance, Marketwatch has this article, which argues that the US Federal Reserve had a strongly libertarian bent under Alan Greenspan. They may have had the authority to impose controls which would have ameliorated the lending situation in the US spinning out of control, but they instead chose to do nothing. This allowed sloppy lending practices. And by the way, this is a global issues, because buyers all over the world have purchased securities tied to US subprime loans.