US subprime crisis "an accident waiting to happen": Greenspan

Story date: 2007-10-21 05:25:00
Added on: 2007-10-22 00:51:34

Raw Story - 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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