[We are dealing with the last lenders and last buyers in line and bam, the house of cards is coming down]
Say, doesn't someone normally get arrested and go to jail when their Ponzi Scheme falls apart?
Strange, why haven't we been reading about any arrests?
Greenspan? Interesting idea and he sure deserves it, but it would be a first, I think.
There have been a scattered few -- Florida and another southern state -- If I find the references later I will post them. The general problem is that illegal conduct has been tolerated while everyone's wallets were being stuffed with money. Now as the helicopter money is becoming scarce some of the most egregious cases are being looked into.
All of the powers that be were in on it. Congress, for pushing the "houses for everyone" policy, and the banks for chasing "alpha" anywhere, including through the Looking Glass of MBS's, CDO's, ABS's etc.