Market participants debate best way to deal with crises

09/12/2008 | Financial Times (free content)

The rally in markets after the U.S. government's rescue of Fannie Mae and Freddie Mac ended quickly as investors appeared concerned about the health of other financial institutions. Some market participants are pushing for a systemic solution. Others are suggesting different fixes. Former Federal Reserve Chairman Alan Greenspan said a formal framework should be established to deal with financial institutions on the verge of collapse.

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