Subprime loans defended (Worcester Telegram & Gazette)
Story date: 2007-10-03 01:48:33
Added on: 2007-10-03 14:00:20
LONDON - Former Federal Reserve chairman Alan Greenspan defended the U.S. subprime mortgage market, arguing that the sale of home loans for people with poor credit - not the loans themselves - were to blame for the current global credit crisis.
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