Alan Greenspan, who headed the U.S. Federal Reserve for more than 18 years, on Thursday called the current world financial crunch a "once-in-a-century credit tsunami" during testimony to the U.S. Congress.
Greenspan said he and others are in "shocked disbelief" because they assumed lending institutions would protect their shareholders from the credit market fallout.
Post je objavljen 23.10.2008. u 20:13 sati.