reportonbusiness.com: notSet

Posted AT 1:47 PM EST on 04/09/08

Fed not 'magical piggy bank,' Greenspan says

JEANNINE AVERSA

The Associated Press

WASHINGTON — Troubled by the Bear Stearns debacle, former Federal Reserve Chairman Alan Greenspan is advocating a new way of dealing with government bailouts of companies whose sudden collapse could wreak havoc on U.S. economic and financial stability. Mr. Greenspan says Congress needs to give the government new powers to handle troubled companies to minimize any potential losses to American taxpayers.

The full text of this article has 879 words.

To continue reading this article, you will need to purchase this article.

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

TSX
DJIA
S&P
Nasdaq

Market	Change	Value
Data delayed 15 minutes
S&P/TSX	-239.14	8,057.82
DJIA	-215.45	8,376.24
S&P 500	-25.52	845.22
Nasdaq	-46.82	1,445.56

Stock Profile	Sponsored by:
Profile Quote Lookup

Job loss tops economic agenda

Plus: The close: Stocks get ugly again

Video: Loblaw shares on a tear

Technology


Finding the perfect gadget: Need a present for mom, dad, son, daughter, friend, colleague?

Most Popular

Rank	Headline
1.	Canada loses more-than-expected 71,000 jobs 7:25 AM 4
2.	World braces for long crisis, big U.S. job cuts 6:35 AM
3.	Oil price sets stage for mergers 04/12/08 8:32 PM
4.	Crisis? What crisis? 04/12/08 12:32 PM 4
5.	Closed mines, broken dreams in the town that nickel built 12:56 AM 2
6.	Chrysler Canada warns of 'slow burn' 04/12/08 6:52 PM 82
7.	Executives pan PM's plan as lacking punch 12:00 AM 29
8.	Bank Julius Baer CEO dies unexpectedly 6:43 AM
9.	Stuck on the market 04/12/08 10:04 PM 72
10.	GM cutting shift at Oshawa: CAW 1:26 AM 4

Rank	Headline
1.	Rae steps in as coalition's chief salesman 2:30 AM 248
2.	Time for a real leader 04/12/08 11:18 PM 42
3.	Harper's blunder deals blow to his credibility 2:30 AM 51
4.	Canada loses more-than-expected 71,000 jobs 7:25 AM 4
5.	Majority prefers keeping Conservative government 04/12/08 9:00 PM 718
6.	Can Harper defang the coalition? 4:28 AM 38
7.	World braces for long crisis, big U.S. job cuts 6:35 AM
8.	Foreign spy ring uncovered, report says 04/12/08 7:45 PM 39
9.	Leafs not getting the message 12:50 AM 12
10.	Charest on track to win third straight mandate 6:00 AM 2

Rank	Headline
1.	Rae steps in as coalition's chief salesman 2:30 AM 248
2.	Stuck on the market 04/12/08 10:04 PM 72
3.	Happiness is contagious: study 2:13 AM
4.	Crisis? What crisis? 04/12/08 12:32 PM 4
5.	Closed mines, broken dreams in the town that nickel built 12:56 AM 2
6.	Fanning the fires of national disunity 04/12/08 11:20 PM 38
7.	Jeffrey Simpson on the political crisis in Ottawa 04/12/08 3:30 PM 12
8.	Majority prefers keeping Conservative government 04/12/08 9:00 PM 718
9.	Honda withdraws from F1 2:38 AM 6
10.	Food stylist takes questions on holiday entertaining 04/12/08 1:04 PM 1

Rank	Headline
1623	Parliament shut down till Jan. 26 1623
749	Bloc part of secret coalition plot in 2000 with Canadian Alliance 749
263	Harper boosts nationalist sentiment in Quebec 263
248	Rae steps in as coalition's chief salesman 248