Saturday, April 12, 2008

Greenspan Fights Back

To defend his reputation and legacy, Greenspan fights back.
Here is a CNBC exclusive interview with Alan Greenspan.

interview video part I, part II
Was the Fed keeping interest rate too low for too long?
Greenspan: "The Fed Reserve lost control of long term interest rate probably around 2002 or 2003...and the global force began to dominate the market..."