Greenspan Mortgage Warning Hits Home - 2004-02-25
Imagine a country where the most powerful bank regulator in the land constantly expressed deep concerns about two of the country's largest financial institutions -- but is powerless to rein them in.
That could never happen in America, right? Wrong. Take a look at Federal Reserve Chairman Alan Greenspan's testimony Tuesday before the Senate Banking Committee on government-sponsored mortgage giants, Fannie Mae and Freddie Mac.
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