A lack of capital at banks may inhibit lending to consumers and businesses, tempering any economic recovery. The former Fed chief, who left the central bank in 2006, said that the continued slump in home prices is putting at risk millions of borrowers.Greenspan Says Banks Still Have a ‘Large’ Capital Requirement - Bloomberg.com
“We’re on the edge and if this thing doesn’t get resolved quickly I’m worried,” he said before a meeting with House of Representatives members on financial regulation that was organized by the Washington-based Bipartisan Policy Center.
Thursday, May 28, 2009
Greenspan Says Banks Still Have a ‘Large’ Capital Requirement - Bloomberg.com
Posted by Anthony J. Pennings, PhD at 11:38 PM