TITLE

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

AUTHOR(S)
Forbes, Steve
PUB. DATE
May 2008
SOURCE
Forbes Asia;5/5/2008, Vol. 4 Issue 8, p9
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
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.
ACCESSION #
32090426

 

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