Technology and flexibility the key to banks’ response to NY attacks, says Greenspan


WASHINGTON -- The US financial and banking system’s ability to overcome the operational difficulties created by the September 11 attacks on New York and Washington was a testament to its technology and flexibility, US Federal Reserve system chairman Alan Greenspan said in late October.

The response was a metaphor for the US economy’s ability to circumvent difficulties, innovate around obstacles and for the country’s decentralised and diversified economic structure, Greeenspan told the American

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