Alan Greenspan: I Was Right 70 Percent of the Time

A bipartisan panel appointed by Congress to examine the causes of the financial meltdown today blamed former Federal Reserve Chairman Alan Greenspan for failing to address the problems regarding risky home loans that precipitated the recent crisis. Members of the Financial Crisis Inquiry Commission, a 10-person panel assembled to report on the meltdown to President Obama later this year, said Greenspan's Fed should have done more to stop predatory subprime lending practices. "Why, in the face...Full Story
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