Credit turmoil an 'accident waiting to happen'

Story date: 2007-10-21 05:46:00
Added on: 2007-10-21 19:00:22

News.com.au - Greenspan defended the Fed's decision to lower its key federal funds interest rate to 1.0 percent, seen in some quarters as having encouraged risky borrowing, and said the US housing bubble had not been caused by the US central bank. "Central banks ...


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