Greenspan Cheers Us Up

Posted on September 16, 2008 by Patti Spencer

Bear Stearns, Fannie and Freddie, Merrill Lynch, Lehman Brothers.  What's next?

And what about all the trust portfolios that are headed down?   Remember, the standard of care under the Prudent Investor Act is not measured by portfolio performance -  it is a standard of trustee conduct measured by how the trustee monitors, responds, and follows good procedures.

Click here for Alan Greenspan's view.

Worst economy he has ever seen.

 

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