Alan Greenspan: We will never have a perfect model of risk

Courtesy Newsvine - business  Tue, 04/15/2008 - 11:20

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the second world war.

It will end eventually when home prices stabilise and with them the value of equity in homes supporting troubled mortgage securities.


 

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