1. Greenspan confessed recently that the Fed should have monitored and restrained overgenerous and irresponsible lending, but he didn't intervene in the free market.
adj
1. very generous
e.g. distributed gifts with a lavish hand
the critics were lavish in their praise
a munificent gift
his father gave him a half-dollar and his mother a quarter and he thought them munificent
prodigal praise
unsparing generosity
his unstinted devotion
called for unstinting aid to Britain
Synonym: lavish munificent too-generous unsparing unstinted unstinting