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Still going strong at 92, Anna Schwartz lays into the Federal Reserve:

"They need to speak frankly to the market and acknowledge how bad the problems are, and acknowledge their own failures in letting this happen. This is what is needed to restore confidence," she told The Sunday Telegraph. "There never would have been a sub-prime mortgage crisis if the Fed had been alert. This is something Alan Greenspan must answer for," she says.

Posted by edelfenbein at January 16, 2008 6:43 AM