 ABC News | Greenspan Was `Cheerleader for Imprudence,' James Grant Says Bloomberg - By Jeremy R. Cooke Oct. 23 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan fueled Wall Street's stumbles by cutting rates so low they encouraged the use of borrowed money to boost returns, said James Grant, editor of Grant's Interest Rate ... Dear Chairman Greenspan: Remember that cheap money? Greenspan: Bad data hurt Wall Street computer models |