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Sure, no one can get it right every time. We all miss the mark now and then. But the following comments are real doozies!
Former Federal Reserve Chairman Alan Greenspan told Congress on Thursday he is "shocked" at the breakdown in U.S. credit markets and said he was "partially" wrong to resist regulation of some securities
Lawmakers have called key players from the past and present to congressional hearings in an effort to find out what caused the biggest financial crisis since the 1930s and determine how the government plans to get the nation out of the mess.
These are scary times for banking regulators around the world. Bank runs, bankruptcies, a crisis of confidence etc. These are not factors leading up to the Great Depression, but rather, ripped from today's headlines. Things that would probably keep even Alan Greenspan awake at night! Ben and Hank have definitely lost sleep this past month...
Ireland's decision to guarantee all bank deposits will contribute to the demise of the single European currency, because it will erode the euro's credibility if it's allowed to go ahead, Hugh Hendry, chief investment officer and Partner at Eclectica Fund, told CNBC on Thursday.
As Wall Street struggles to find a way forward, many on Main Street are asking how we got here in the first place.
Lehman's shares plunge as much as 43 percent of its value while Steve Jobs introduces a new line of colorful and extra-thin Apple iPods. Following are today's top videos:
Former Federal Reserve Chairman Alan Greenspan welcomed the recent takeover of Fannie Mae and Freddie Mac, telling CNBC that the government needed "to remove the ambiguity" over whether US would back up the two mortgage giants
This fall promises to be incredibly busy with the publications of some highly anticipated books that will surely become must reads.
Troubled by the Bear Stearns debacle, former Federal Reserve Chairman Alan Greenspan is advocating a new way of dealing with government bailouts of companies whose sudden collapse could wreak havoc on the country's economic and financial stability.
As policy makers work to ease the strain on the mortgage giants Fannie Mae and Freddie Mac, a consensus is emerging that the two companies will have to look substantially different in the long term, the New York Times reports.
Warren Buffett will make multiple live appearances throughout the three hours of CNBC's Squawk Box this coming Friday morning, August 22. He'll be sitting down with our own Becky Quick, who is traveling to Omaha for the premiere the night before of a new anti-deficit documentary that includes an appearance by Buffett.
The U.S. economy may yet slip into recession, but inflation is an even bigger risk given the "exceptionally'' stimulative stance of monetary policy, Richmond Federal Reserve President Jeffrey Lacker said Tuesday.
Poor economic data in the form of the GDP and jobless claims did not help prior to the open, but mid-morning oil came down and financials rallied, and suddenly the Dow and the S&P were only a few points from going positive.
Former Federal Reserve Chairman Alan Greenspan said the US is “nowhere near the bottom” of the housing slump and is “right on the brink” of a recession.
You can't help but worry a bit more about the economy in the second half now, as the market's focus shifts from a weaker-than-expected GDP report to the Friday jobs data. GDP revisions also show a recession may have started in the fourth quarter of last year.
The desperate worry over the health of huge financial institutions with country cousin names — Fannie Mae and Freddie Mac — reflects a reality that has reshaped major spheres of American life: the government has in recent months taken on an increasingly dominant role in assuring that Americans can buy a home or attend college.
U.S. Federal Reserve Former Chairman Alan Greenspan said Friday the Fed will have to tighten monetary policy to put a brake on inflation and said the worst of the U.S. credit crisis may have passed.
Former Federal Reserve chairman Alan Greenspan was quoted on Tuesday as saying the United States was still more likely than not to have a recession despite relative stabilization in the economy in recent weeks.
Wall Street banks are the first to be blamed for the credit crunch. Central banks come a close second, but as the Federal Reserve's image is suffering, the European Central Bank looks as solid as a rock.