Greenspan Warns On Fannie, Freddie Debt
2:27 PM
The Fed chief warned that the two firms' towering debt piles could damage U.S. financial markets. His warnings came wrapped in a speech devoted to the broader matter of derivatives. Greenspan urged caution in the use of the often byzantine financial instruments, but he is leery of increasing government regulation.
Posted by OscarNOW
on 2:27 PM.
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