Kohn apologises for financial crisis


Don Kohn, the former vice-chairman of the Federal Reserve and recently appointed external member of the Bank of England's Financial Policy Committee (FPC), on Tuesday apologised for his failures as a policymaker in the lead up to the global financial crisis.

At a Treasury Select Committee hearing in London on his appointment to the FPC, Kohn was asked by Chuka Umunna, a Labour MP on the panel, to do what Alan Greenspan had failed to, and apologise to the public for his part in the financial cris

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