Media playback is unsupported on your device

Alan Greenspan: Financial crisis probability was small

21 October 2013 Last updated at 10:35 BST

Alan Greenspan - former chairman of the federal reserve in the United States - has written a book about the world economy and the mistakes that led to the financial crisis.

Speaking to the Today programme's Evan Davis, Mr Greenspan said: "Everybody knew that there was a problem. This was the first time ever that markets were broken and could not fix themselves

"I would have said the probability of that happening at that particular time was extremely small."

First broadcast on the Today programme on Monday 21 October.

Most watched

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.