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Former Federal Reserve Chief Alan Greenspan Tuesday said he expects the drop in U.S. home prices will probably end early in 2009 as housing inventory is reduced, and added that “…it is very likely that home prices will stabilize well before that.” He noted that the damage from the subprime crisis won’t be fully apparent for months but called the current credit crisis the worst in 50 years. Greenspan was speaking at a banking conference in Tokyo.

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