AP - Former Federal Reserve Chairman Alan Greenspan acknowledges he failed to see early on that an explosion of mortgages to people with questionable credit histories could pose a danger to the economy.
Reuters - Former Federal Reserve Chairman Alan
Greenspan said he was late to see the storm gathering around
U.S. mortgage lending practices and commended his successor Ben
Bernanke's handling of the crisis, saying he would likely be
responding in a similar fashion.
