Greenspan: we're still on the edge

Alan Greenspan, a former chairman of the Federal Reserve, has warned that American banks need to raise a lot more capital before the financial crisis can end.

Greenspan told Bloomberg, a news agency, on Wednesday that a very large unfunded capital requirement in the United States still existed and that the threat of a "very serious" mortgage crisis would prevail until the price of homes bottoms out.

"We're on the edge and if this thing doesn't get resolved quickly I'm worried," Greenspan said

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: