Alan Greenspan

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Greenspan: Housing Will Bottom in mid-2009 

Aug 14, 2008By

In a wide-ranging interview with the Wall Street Journal on Thursday, former Fed chief Alan Greenspan suggested that housing’s bottom will depend on clearing a huge inventory overhang, and said that the plan to backstop Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] via new-found Treasury authority was “bad.”

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