To access this clip without audiomarks, please purchase it, or upgrade your account.
Date
Summary
Greenspan: ‘Bubbles Are Not the Problem,’ ‘Serial Defaults’ Are the Problem - Pt. 1
Subjects
Source
CNBC
Name: CNBC
URL: http://www.cnbc.com/
Show
Squawk Box
Name: Squawk Box
URL: http://www.cnbc.com/id/15838368/
Persons
Andrew Ross Sorkin
, Alan Greenspan
Name: Andrew Ross Sorkin
Employment: The New York Times
Position: Financial Columnist
Name: Alan Greenspan
Employment: Greenspan Associates LLC
Position: Principal
Event
Event location
–
Link
Not online media
Original recording
Uploaded
03/11/2014 06:28 am
Owner
Type
Video
Format
MP4 (426x240)
Use clipper to adjust file type
Duration
0:00:58
Views
0
Purchases
0
Social views
0
Transcript
SORKIN Do you look ░░░░░░░░ what s going on ░░░░░░░░ Silicon Valley and Facebook ░░░░░░░░ whatsApp for 19 billion ░░░░░░░░ there a buying bubble ░░░░░░░░ there Greenspan Well let ░░░░░░░░ say this Bubbles are ░░░░░░░░ the problem Bubbles by ░░░░░░░░ will deflate But if ░░░░░░░░ s the institution which ░░░░░░░░ the toxic asset which ░░░░░░░░ a critical issue If ░░░░░░░░ example let s go ░░░░░░░░ to the dotcom boom ░░░░░░░░ had a collapse in ░░░░░░░░ prices Huge losses But ░░░░░░░░ was essentially in those ░░░░░░░░ of institutions which were ░░░░░░░░ leveraged At the time ░░░░░░░░ they weren t 401 ░░░░░░░░ s other pension funds ░░░░░░░░ funds they took a ░░░░░░░░ hit But to get ░░░░░░░░ crisis you need serial ░░░░░░░░
To view this clip's transcript, log into your Grabien account.
