Testimonios sobre la causa de la crisis

"After Federal Reserve Chairman Alan Greenspan reduced interest rates at the start of the decade, banks borrowedAfter Federal Reserve Chairman Alan Greenspan reduced interest rates at the start of the decade, banks borrowed inexpensively to buy long-term assets including subprime mortgage securities, said Michael Aronstein, Oscar Gruss & Son Inc.’s chief investment strategist.
“When liquidity became free, five or seven years ago, that changed the Street: You could trade $500 million of anything in a second,” said Shawn Matthews, chief executive officer of Cantor Fitzgerald & Co. in New York, a unit of Cantor Fitzgerald LP. "

Fuente: Bloomberg