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Greenspan Says Crisis May Be `Once in Century' Event

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Former Federal Reserve Chairman Alan Greenspan said the financial crisis that began with the collapse of the subprime-mortgage market last year "is probably a once in a century event" that will lead to the failure of more firms. "There's no question that this is in the process of outstripping anything I've seen, and it is still not resolved."

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At www.bloomberg.com

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