Crisis was waiting to happen: Greenspan
Story date: 2007-10-21 10:40:00
Added on: 2007-10-22 05:52:06
Sydney Morning Herald - Credit spreads across all global asset classes had become suppressed to clearly unsustainable levels." "Something had to give ... But the former Fed chief said it was low long-term interest rates set in financial markets that pushed down mortgage costs and ...
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