CNBC: House of Cards

by Erin McCune on February 12, 2009

in Credit Crisis, Federal Reserve

Erin McCune

Tonight CNBC airs a program on the origins of the economic crisis, including an interview with Greenspan who claims that the Federal Reserve could have taken steps to prevent the housing bubble, but doing so would have prevented the economic boom and dramatically increased unemployment.

Clearly you cannot diffuse these things unless you hit them right on the head, and break the economy.

Details about the program and more video excerpts here.

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