The Old Titans All Collapsed. Is the U.S. Next?
The Old Titans All Collapsed. Is the U.S. Next?
Back in August, during the panic over mortgages, Alan Greenspan offered reassurance to an anxious public. The current turmoil, the former Federal Reserve Board chairman said, strongly resembled brief financial scares such as the Russian debt crisis of 1998 or the U.S. stock market crash of 1987. Not to worry.