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Greenspan Says Regulator Role Will Undermine Fed’s Credibility

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In an interview on CNBC, Former Federal Chairman Alan
Greenspan
warned that if the Federal Reserve is given a role to
oversee the financial system it could undermine its credibility.

Greenspan said the US is facing a “once in a century
crisis
.” He warned that the U.S. teeters on the brink of
recession…

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July 31st, 2008 at 1:30 pm

TSY’s Paulson Says Stimulus Has Helped U.S. Economy

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Speaking before the Exchequer Club of Washington, U.S. Treasury
Secretary Henry Paulson said the stimulus package has
supported the economy in the last year.

Paulson said market turmoil and energy prices have dragged on the
economy, while the labor market has softened…

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