Alan Greenspan Endorses John McCain

There is more than a 50 percent chance the United States could go into recession, former Federal Reserve chairman Alan Greenspan told El Pais newspaper in an interview published on Sunday.

Greenspan, the U.S. Fed chairman from 1987 to 2006, endorsed the Republican presidential candidate John McCain in the interview.

"I'm Republican and I support John McCain, who I know very well and who I respect a lot," he said.

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