Former Fed chairman, Alan Greenspan drew an intense picture ofthe current financial market challenges in a recent interview.Greenspan stated that it was a "once or twice a century eventdeeply rooted in fears of insolvency of major financialinstitutions". He also felt that it was increasingly likely thatmore bank and financial institution bail outs would take placein future months. He said that he
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Monday, 4 August 2008
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