Feb. 23 (Bloomberg)
Former Federal Reserve Chairman Alan Greenspan said the financial crisis was “by far” the worst in history and called the recovery from the global recession “extremely unbalanced.”
“…by far the greatest financial crisis globally ever…”
The economy in far worse shape than the Great Depression… caused by “fundamental misjudgment in the marketplace”… more harmful than the 1930s… “extremely unbalanced recovery” and only for high-income consumers and large businesses benefiting from a recovery in stock prices…
Meanwhile, bonuses on Wall Street rose 17% while 24% of homes are upside down.