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By Rika Otsuka www.iii.co.uk
Greenfield's council races this year include the mayor's seat and two council positions. Incumbent mayor, Jill Krout, will face off against challengers Loren Harff and Jerry Hertaus. Harff currently serves as a councilor. www.pressnews.com
That is what Alan Greenspan, former Chairman of the Federal Reserve, told Congress last week. He explained that the catalyst for this crisis was the unbelievable number of mortgages that were given to people who simply could not afford to make their monthly payments. www.cdapress.com