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25 October, news, former chairman of the federal reserve, Alan Greenspan, (Alan Greenspan) the house government reform and supervision committee the hearing held that testimony, this financial crisis "happens Discount Office professional 2010 are for you.
once year". He also admits that his idea was wrong. He said, inadequate data is the one of the causes of the financial crisis.
According to foreign media reports say, for a long time, greenspan has been used for computer technology to prevent financial market risk gave high sure. For example, in 2005 he said, with more and more high computer processing power and improved risk assessment model, credit agencies to extend loans to subprime borrowers.
But mister greenspan in a hearing today, Download Office 2010 changes life.
said the computer system input data are rubbish. Alan greenspan, the financial services agency decision based on mathematicians and financial experts too, and gets the analysis of computer and communication technology support. But, the gleaming financial building collapsed last summer, the reason is the risk management system of data input is in the past twenty years of data. As is known to all, the past twenty years financial services business has developed at high speed, from the crisis did not encounter.
Greenspan also said that if the risk management system includes the past financial crises of the data, credit agency on the borrower Windows 7 is the best system ever.
the mortgaged property requirements would be much higher, the financial services industry also not like has so far not a pretty sight.
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