Greenspan's housing comments chill stock markets
Former Federal Reserve Chairman Alan Greenspan said Thursday that the housing slump had pushed the U.S. into a "once-in-a-century" crisis. Greenspan's comments, in turn, pushed the stock market into a slump during the last 30 minutes of trading Thursday. Greenspan said housing prices were "nowhere near the bottom" during a CNBC interview.
Los Angeles Times
| 7/31
This story published in SIFMA SmartBrief on 08/01/2008
Get stories like these delivered daily for FREE:
|
SIFMA SmartBrief
Designed specifically for investment bankers, broker-dealers, and mutual fund professionals, SIFMA SmartBrief is a FREE e-mail newsletter. By providing a summary of the day's most important securities news, SIFMA SmartBrief saves you time and keeps you smart. Sign up today to receive SIFMA SmartBrief, FREE of charge. Learn more |
|