(Reuters) - Asked whether the highly-indebted investment instruments
represented the same sort of "irrational exuberance" described
by then-Federal Reserve chief Alan Greenspan regarding the stock
market in the 1990s, Trichet said: "I would not repeat the words
of Alan."
Trichet said he supported a hands-off mechanism of
self-regulation for such funds, which would allow them to
determine benchmarks for the industry without the coercion of
regulators.
Read more at Reuters.com Government Filings News
represented the same sort of "irrational exuberance" described
by then-Federal Reserve chief Alan Greenspan regarding the stock
market in the 1990s, Trichet said: "I would not repeat the words
of Alan."
Trichet said he supported a hands-off mechanism of
self-regulation for such funds, which would allow them to
determine benchmarks for the industry without the coercion of
regulators.
Read more at Reuters.com Government Filings News
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