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Greenspan says didn't see subprime storm brewing (Reuters)
on 13-09-2007 10:56

Alan Greenspan speaks at Book Expo America in New York June 1, 2007. Federal Reserve Chairman Ben Bernanke is doing 'an excellent job' running the U.S. central bank, former Fed chairman Alan Greenspan told the CBS program '60 Minutes,' according to excerpts released on Thursday. (Eric Thayer/Penguin Press/Handout/Reuters)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.



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