Alan Greenspan – unfair blame for sub-prime crisis?http://www.globalchange.com Why do people blame Alan Greenspan for the sub-prime crisis? He lead the Federal Reserve Board during the dot-com crash, 9/11 and following years when interest rates in the US fell as low as 1% and America came close to deflation. These low interest years are now blamed for the housing boom, the flood of bad loans and the sub-prime crisis. But is this fair criticism of past economic events in America, with money supply issues, rising unemployment, falling or static economic output in early 2002? Video by keynote conference speaker Dr Patrick Dixon, Futurist and author of 12 books on global trends. Euro, sterling, currency, inflation, central bank, bank, England, interest, rates, control, economy, growth, recession, economic.
Alan Greenspan, Federal Reserve, America, American, output, unemployment, 9/11, dotcom, dot-com, bubble, housing, house, price, crash, burst, falling, Euro, sterling, currency, inflation, central bank, bank, England, interest, rates, control, ...
