News Snapshot:
Snapshot As per the reports, Evergrande transferred $83.5 million worth of interest payments to Citibank and before the default deadline of 23 October, the payment would be made to the investors. In the early days of the housing crisis of 2008, just when the US Treasury was trying to fix the debt problems with Fannie Mae and Freddie Mac, the US Treasury Secretary Hank Paulson had a phone call with the former chairman of the Federal Reserve, Alex Greenspan where a radical idea was proposed. Describing the housing crisis as a once-in-a-century sort of an event, Greenspan attributed the problem...
