Greenspan says more banks, institutions may founder (Reuters)

Former U.S. Federal Reserve chairman Alan Greenspan speaks at the Per Jacobsson Foundation Lecture on the 'Balance of Payments Imbalances' at the International Financial Corporation in Washington October 21, 2007. (Yuri Gripas/Reuters)Reuters - More banks and financial institutions are likely to face insolvency and need bailouts before the global financial crisis is over, according to former Federal Reserve chairman Alan Greenspan.


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