Sunday, September 5, 2010

Greenspan defended himself

Some people said that because Greenspan kept interest rates low for too long, he paved the way and even led to the current economic crisis on the real estate market (which has a direct impact on the overall economy). He also represented the accused did not do more to prevent sub-prime loans, which leads to (and lead) to a record number of foreclosures and falling home prices and the so-called housing bubble bursting. " Greenspan in his own defenseThese objections, in 1960 and Leslie Rosenthal (September 16, 2007 broadcast minutes of the opening session of the interview) by the way, I know very little practice of economics and not loans. If I say something wrong, please, please pay attention to me, I correct (if I may, finally, to the time). Thank you.

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