Larger capital buffers needed at banks, Greenspan says

09/8/2009 | Reuters

Alan Greenspan, former chairman of the Federal Reserve, told conference participants in Mumbai, India, that banks in the U.S. need to bolster their capital. "I think even in noneuphoria, noncrisis times, we need to have a larger buffer than we currently have," Greenspan said. He also discussed the liquidity governments have poured into the system and the need to unwind such programs or risk fueling inflation.

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