Alan Greenspan comments 12/18/08 December 18

Alan Greenspan has come out with some comments today, 12/18/08, on the housing market, banking system, and the stock market

Greenspan says the Banking System needs an additional 250 billion in capital. The Tarp program is working so far but it is not enough.

Alan Greenspan thinks the stock market can recover 6-12 months from today, December 18, 2008.

Greenspan also thinks the housing market can bottom or start to recover by mid 2009.


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