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To: Orange1998

Greenspan is the one that overreacted to the dot.bomb bust with 17 rate cuts in a row.

He and the fed are the primary culprit in the current real estate meltdown.


17 posted on 08/22/2007 8:21:56 PM PDT by djf (America welcomes immigrants! Sadly, America welcomes crimmigrants even more...)
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To: djf
He and the fed are the primary culprit in the current real estate meltdown.

Greenspan did not loosen credit standards only the availablity of funds. The banks got greedy and let people borrow money who could not repay under any circumstance.

18 posted on 08/22/2007 8:32:35 PM PDT by Orange1998
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