As expected, Greenspan thinks the Fed under his leadership has done everything right and that other factors are to blame for the housing bubble. The U.S. Federal Reserveâ??s â??easy moneyâ?� policies during the first part of this decade didnâ??t cause the housing bubble, former Chairman Alan Greenspan wrote in the Wall Street Journal.
Pacific Investment Management Co. which runs the worldâ??s biggest bond fund, joined Warren Buffett and Marc Faber in saying inflation will quicken, sounding a warning for Treasury investors.
The Federal Bureau of Investigation said that it was seeking to identify potential â??victimsâ?� who invested in companies associated with Sir Allen Stanford as part of an ongoing investigation.