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CONTACT INFORMATION
Manager, Public Relations
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Division: CNBC
LATEST CNBC PRESS RELEASES
- CNBC'S PRIME TIME PROGRAMMING FOR THE WEEKEND OF DECEMBER 5TH & 6TH (ALL TIMES ARE ET)
- CNBC EXCLUSIVE: CNBC MEDIA ALERT: CNBC'S MARIA BARTIROMO SPEAKS WITH MARK HURD, HEWLETT-PACKARD PRESIDENT & CEO, TODAY ON CNBC'S "CLOSING BELL WITH MARIA BARTIROMO"
- CNBC PRESENTS "MEETING OF THE MINDS: REBUILDING AMERICA" ON WEDNESDAY, DECEMBER 2ND AT 8PM ET
- CNBC PRESENTS "INSIDE THE MIND OF GOOGLE"
- CNBC CHECKERBOARD PROGRAMMING FOR THE WEEK OF NOVEMBER 30TH (ALL TIMES ARE ET)
- AMERICAN GREED - SEASON 4 (ALL TIMES ARE ET)
CNBC Press Releases
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BARTIROMO: DO WE NEED A SECOND STIMULUS PACKAGE?
GREENSPAN: I DON'T WANT TO COMMENT ON THAT.I DON'T THINK THAT THAT ADDRESSES THE BROADER ISSUE.WHETHER WE DO OR WE DON'T IS A SHORT-TERM QUESTION, AND I DON'T THINK IT HAS LONG-TERM CARRY.AND THEN OF COURSE WE'VE GOT OUR BUDGET DEFICIT, WHICH IS CREATING REAL CONCERNS IN THE MARKETPLACE.
BARTIROMO: BUT JUST TO BE CLEAR AS WE WRAP UP HERE, YOU DON'T THINK THAT THE FED SHOULD BE GIVEN MORE POWER IN TERMS OF OVERSEEING THE INVESTMENT BANKS?
GREENSPAN: I THINK -- WELL, THE INVESTMENT BANKS ARE A DIFFEREN ISSUE.INVESTMENT BANKS AND COMMERCIAL BANKS ARE GRADUALLY AND INCREASINGLY MORPHING INTO THE SAME SORT OF VEHICLE.AND I'VE NEVER BEEN MUCH CONCERNED ABOUT THE FEDERAL RESERVE LENDING TO INVESTMENT BANKS. WHAT I AM CONCERNED ABOUT IS BASICALLY THE FED BEING GIVEN THE ROLE TO OVERSEE THE FINANCIAL STABILITY SYSTEM. I DON'T THINK ANYONE CAN DO THAT, AND I'M MOST WORRIED THAT WERE THE FED TO TAKE THAT JOB ON AND FAIL, AS EVERYONE ELSE HAS AND WILL, YOU CANNOT ANTICIPATE THE FUTURE. I THINK IT UNDERMINES THE CREDIBILITY OF THE CENTRAL BANKING SYSTEM.
BARTIROMO: ALL RIGHT.WE WILL LEAVE IT THERE, GENTLEMEN, THANK YOU FOR BEING ON THE PROGRAM.DR. GREENSPAN.PAUL McCULLEY.WE APPRECIATE YOUR TIME.
About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.
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