Falling home prices could take U.S. back to recession, Greenspan says

"Tragic unemployment" has trapped every part of the U.S. economy except the wealthy, and the weak recovery might turn into a double-dip recession if home prices keep falling, said former Federal Reserve Chairman Alan Greenspan. Asked on NBC's "Meet the Press" whether a deepening housing crisis will send the U.S. back into recession, Greenspan said, "It is possible, if home prices go down."

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