Don’t you see Greenspan’s role in this mess?
Who said I didn’t?
Back in ‘04 or so he gave a speech urging something like “non-traditional” mortgage methods. Basically meaning ARMS.
I totally blame him. Too many rate cuts way too soon after the dot.com bomb.
That was the basis of the whole derivative market and hedge funds. Some made millions. Now many may be homeless.
Pisses me off. Should piss off any decent American.