Did they ask Greenspan?

Obama Plans Fast Action to Tighten Financial Rules
By STEPHEN LABATON, NYT
Published: January 24, 2009
WASHINGTON — The Obama administration plans to move quickly to tighten the nation’s financial regulatory system.

Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.

Doesn't Obama realize that regulation just interferes with the Market's inherent efficiency?
Has he checked these plans with Greenspan?
Isn't it enough to just promise to give billions of dollars to financial institutions that become too big to fail?

Oh, wait!
That must have been the Ghost of Milton Friedman, temporarily inhabiting my mind.
[I really ought to stop sniffing glue!]