How It Went Wrong--and How to Make It Right

Forbes, Steve
May 2008
Forbes Asia;5/5/2008, Vol. 4 Issue 8, p9
The author comments on the criticisms that former U.S. Federal Reserve chairman Alan Greenspan is receiving because of his monetary policy. He is being criticized for loosening money after the high-technology industry bubble in 2000-2001 and for failing to prevent abuses in the mortgage lending market. He blames excess global savings as the cause of the housing bubble.


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