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  1. 03-20-2009, 06:38 PM #1
    AirborneSapper7
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    Greenspan: Banks In Deep Hole, Need $750 Billion

    Greenspan: Banks In Deep Hole, Need $750 Billion

    Friday, March 20, 2009 3:59 PM

    Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday that U.S bank lending will not return to normal without a big injection of public or private capital.

    "The restoration of normal bank lending by U.S. banks will require a very large capital infusion from private or public sources," Greenspan said in a conference at the Mexican resort of Acapulco.

    Bloomberg reports that Greenspan estimated that banks will need “north of $750 billionâ€
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  2. 03-20-2009, 06:48 PM #2
    butterbean
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    The restoration of normal bank lending by U.S. banks will require a very large capital infusion from private or public sources," Greenspan said in a conference at the Mexican resort of Acapulco.
    Why is Greenspan discussing American economic issues in Mexico?
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  3. 03-20-2009, 07:03 PM #3
    WorriedAmerican
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    Quote Originally Posted by butterbean
    The restoration of normal bank lending by U.S. banks will require a very large capital infusion from private or public sources," Greenspan said in a conference at the Mexican resort of Acapulco.
    Why is Greenspan discussing American economic issues in Mexico?

    Send them the money you jerks send overseas.
    Take the Billion from Pelosi's rat study!!!
    I've just about had it with stupidity today.
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  4. 03-20-2009, 07:09 PM #4
    vortex
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    And wasn't Greenspan before Congress a few months ago, saying that the economic theory he had held for 40 years was wrong? And yeah, why the crap is he in Mexico talking about US financial problems? Ooops, forgot about the huge speaking fee that he was probably getting.
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