WASHINGTON, April 7 (UPI) -- Former U.S. Federal Reserve Chairman Alan Greenspan said Congress would have intervened had the central bank tried to slow down the risky housing bubble.
Testifying for the Financial Crisis Inquiry Commission in Washington, Greenspan said there was "a fairly broad consensus" concerning a goal of supporting housing and that "Congress would have clamped down on us," had the Fed interfered with that goal, The New York Times reported Wednesday.