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Greenspan says the Fed will have to rein in credit and raise rates at some point...The former Fed chief cites many caveats for his short-term optimism, among them the huge government deficit and a concern that home prices may not have stabilized enough.
Tags: Alan Greenspan, Mr Greenspan, US Federal Reserve, greenspan says, house price
Initial jobless claims fell by 12,000 last week to 631,000, according to the Labor Department. That was a higher total number of claims than analysts were expecting and the overall level of claims remains high by historical standards. "These latest numbers...
Tags: China, Edward Liddy, Japan, Mr Greenspan, Tokyo District Court, Georgia Labor Department Commissioner
Global Financial Crisis In Washington, former U.S. Federal Reserve Chairman Alan Greenspan has told Congress he was "partially" wrong to resist regulation of the trading of some securities. Including not reigning in credit default swaps, which eventually...
Tags: Alan Greenspan, Mr Greenspan, Federal Reserve, reserve chairman, credit tsunami, greenspan admits, financials crisis