MercoPress, en Español

Montevideo, July 20th 2024 - 10:38 UTC



Greenspan predicts another financial crisis “but different”

Thursday, September 10th 2009 - 05:03 UTC
Full article 4 comments

The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC. “The crisis will happen again but it will be different,” he told BBC Two's The Love of Money series. Read full article


Disclaimer & comment rules
  • RaderJohnson

    We really should pay attention to what Greenspan has to say, since he was so accurate in predicting the current economy disaster - NOT! In fact, in surveys he is often selected as the man most responsible for the current debacle, having missed every possible indicator. This man is a blind capitalist pig without a clue.

    Sep 11th, 2009 - 06:55 am - Link - Report abuse 0
  • Marty

    I am a free market/libertarian/conservative, and i think Greenspan was a tool. His ignorance played a large part in setting the stage for collapse. You cant print/loan people money at dirt bottom rates, and expect them not to assume that it grows on trees. In the last eight years, it has been cheaper to borrow than to save. In fact, the common assumption was that you are stupid to pay anything off, because you will always have more money down the road. Greenspan was an idiot, and America still worships his every word. History will think different. This is coming from a libertarian(me).

    Sep 11th, 2009 - 09:20 am - Link - Report abuse 0
  • Bubba

    The collapse came from NINJA's and the idiots that house flipped rather than investing...

    Sep 17th, 2009 - 12:52 pm - Link - Report abuse 0
  • Bubba

    And the idiots at Fannie Mae that wrote and underwrote the loans to NINJA's...

    Sep 17th, 2009 - 12:54 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!