The UNITED STATES

The risk of recession is 50 % , 25.01.2008 ¦ 10:19

It is what estimates(esteems) the former president of the Fed, Alan Greenspan.

The former president of the federal Reserve Alan Greenspan

The former president of the federal Reserve Alan Greenspan
C) Reuters

The former president of the federal American Reserve, Alan Greenspan, estimated(esteemed), on Thursday, January 24th, at " 50/50, maybe a little more " the risk of recession in the United States. " We are not there still ", he assured(insured).
The ex-boss of the Fed, who expressed himself during a movement in Vancouver, besides defended(forbade) mortgages at risk, "subprimes" in English, judging that they had helped to increase the access to the property, more particularly among minorities.

Subprimes, at the origin of the crisis of the credit

However, he(it) recognized, what was at the beginning only a product very specialized the mortgage market knew a growth when the speculative capital was interested in the commercial paper leaned in the loans.
He recently asserted that the grouping of these mortgage loans at risk in products, and not the loans themselves, who were then offered as titles(securities) of debts to the investors, was at the origin of the international crisis of the credit. Alan Greenspan steered Fed during 19 years, from 1987 till 2006, before being replaced by Ben Bernanke.