2008 Financial Crisis and the Federal Reserve, Day 1, Part 1

Former Federal Reserve Chairman Alan Greenspan was the lead witness at the first of three days of hearings by the bipartisan Financial… read more

Former Federal Reserve Chairman Alan Greenspan was the lead witness at the first of three days of hearings by the bipartisan Financial Crisis Inquiry Commission (FCIC). Mr. Greenspan talked about what led up to the financial crisis in the housing markets and reminded the commission of his warning in 2004 to the Senate Banking Committee about sub prime mortgage loans. He called for increased regulations on banks and said that putting too much stock into “a human regulator” was flawed. He noted that the sub prime mortgage-lending crisis began with the end of the Cold War.

Congress formed the ten-member FCIC in May 2009 to examine the causes of the 2008 financial markets meltdown.  close

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*The transcript for this program was compiled from uncorrected Closed Captioning.

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2008 Financial Crisis and the Federal Reserve, Day 1, Part 1

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Program ID:
292886-1
Category:
Public Affairs Event
Format:
Public Hearing
Location:
Washington, District of Columbia, United States
First Aired:
Apr 7, 2010
Last Aired:
Jun 1, 2010

Airing Details

  • Apr 07, 2010 | 9:04am EDT | C-SPAN 2
  • Apr 07, 2010 | 11:56am EDT | C-SPAN 2
  • Apr 07, 2010 | 7:00pm EDT | C-SPAN 3
  • Apr 07, 2010 | 8:01pm EDT | C-SPAN 1
  • Apr 08, 2010 | 1:00am EDT | C-SPAN 3
  • Jun 01, 2010 | 10:02am EDT | C-SPAN 3
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