Posted on 01/30/2008 9:18:28 AM PST by NormsRevenge
Greenspan is an a** who is married to another a**. Isn’t he dead yet?
“Some analysts have said that low interest rates under Greenspan’s watch were responsible in part for the US housing bubble that burst last year, and led to the current financial crisis.”
it was not the low interest rates, it is the high energy cost which has affected the entire market.
perhaps, if energy cost would have been remained at reasonable levels, budgets would not have been busted.
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