Superfund will hamper pricing, Greenspan warns

Alan Greenspan, the former chairman of the Federal Reserve, has said that the $75 billion mortgage securities superfund, backed by Citigroup, JPMorgan Chase and Bank of America, could do more harm than good.

In an interview with Emerging Markets, Greenspan said: "It's not clear to me if the benefits exceed the risks."

He added that it could make investor behaviour "somewhat adverse": "If you believe some form of artificial non-market force is propping up the market, you don't believe the mark