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Financial market turmoil raises worries »

Posted by: STONERS 1 year, 9 months ago

No less an authority than former Federal Reserve Chairman Alan Greenspan wrote this week that "the current financial crisis in the U.S. is likely to be judged as the most wrenching" since the end of World War II.

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Comments: 5
  • Avg rating: (+0/-0 0)STONERS
    STONERS
    March 22, 2008, 2:42 a.m.

    "Other noted economists are also sounding alarms. Harvard professor Martin Feldstein, the former head of the National Bureau of Economic Research, said recently he believes the country is now in a recession and it could be a "severe one."

    • Avg rating: (+0/-0 0)TheRealizer
      TheRealizer
      March 22, 2008, 11:26 a.m.

      The U.S. imports poverty and exports wealth, How long can this go on without completely destroying our economy????

      • Avg rating: (+0/-0 0)GHOSTWHOWALKS
        GHOSTWHOWALKS
        March 22, 2008, 5:54 p.m.

        Greenspan should know. He was part of the programs that have lead us into this fiasco.

        • Avg rating: (+0/-0 0)coolrayfruge
          coolrayfruge
          March 22, 2008, 8:23 p.m.

          Money is the problem,people are the answer.

          • Avg rating: (+0/-0 0)bruhaha
            bruhaha
            March 23, 2008, 1:28 a.m.

            Greenspan helped lead us to this mess, as Ghost said.

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