Greenspan Says Credit Recovery Hinges On U.S. Housing

Date March 18, 2008

A recovery in global credit markets will depend on stabilization in U.S. home prices and a massive reduction in housing inventory, former Federal Reserve Chairman Alan Greenspan told Deutsche Bank AG clients on Wednesday.
Greenspan, the U.S. Fed chairman from 1987 until 2006, also blamed the credit crisis on a "general underpricing of risk" and a [...]

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