alan greenspan defends himself

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some say that due to greenspan's keeping interest rates too low for too long, that he paved the way for or even caused the current economic crisis facing the real estate market (which in turn directly affects the overall economy). he also stands accused of not having done more to prevent sub-prime lending, which in turn leads (and has led) to a record number of foreclosures as well as falling housing prices, and the so-called "bursting of the housing bubble". greenspan defends himself against these accusations and more in the opening segment of the 60 minute interview with lesley stahl (aired 9/16/2007) btw- i know little to nothing about economics and lending practices. if i am stating something incorrectly above, please feel free to kindly point it out to me, and i will make a correction (when i can finally make the time). thank you.

Category: News
Uploaded: September 17th, 2007 @ 2:19 am
Author: shitstinx

Length: 04:56
Rating: Whole StarWhole StarWhole StarWhole StarHalf Star
Views: 44,545

Tags: bubble burst default federal foreclosure greenspan housing interest lending loan low rate reserve sub-prime

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