‘60 Minutes’ Lands Greenspan Interview

60 Minutes scored an interview with former Fed chief Greenspan and previewed some of the highlights in a press release today. Here is the text of the CBS release...more availabe....

clipped from blogs.wsj.com September 13, 2007 FORMER FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN SAYS HE KNEW ABOUT ABUSES IN SUBPRIME LENDING BUT FAILED TO FORSEE THEIR PARALYZING MARKET EFFECTS UNTIL LATE 2005 – “60 MINUTES” SUNDAY He Defends His Lower Interest Rates that Critics Say Caused the Subprime Meltdown and Praises Chairman Ben Bernanke for His Handling of the Current Market Turmoil