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 market
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