The Federal Reserve erstwhile Chairman, Alan Greenspan has come in for a lot of criticism concerning the recent recession. Critics have spoken against the Fed’s policy of keeping interest rates at all time low for an extended period. They believe that this led to over zealous borrowings, which was completely unsustainable. Borrowers soon began to default on repayments, more and more homes began to come in for foreclosure and the housing markets crashed. [Read more…]