Greenspan explains the Credit Crisis Tsunami
Thursday, October 7th, 2010 at
3:15 am
CNN Oct 23rd 2008
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Tags:and,Committee,credit,Crisis,Federal,Greenspan,house,mortgage,of,oversight,prime,reform,Reserve,Sub,subprime,tsunamiRelated posts
Tagged with: and • Committee • credit • Crisis • Federal • Greenspan • house • mortgage • of • oversight • prime • reform • Reserve • Sub • subprime • tsunami
Filed under: credit mortgage
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this guy and bush are responcible for all the speculative growth we experienced over the years….and over lending
That will not work. The banks would eventually not be able to afford to underwrite and we will no longer have an intermediary.
greenspan is a fraud and a lier. That pathetic piece of crap knew exactly what was going on. As Michael Lewis clearly outlines in his book, “The Big Short,” greenspan “either willfully or ignorantly aided and abetted” the massive boom and ensuing housing bust of ‘08.
I could say more but don’t have the space. What is most important to say is:
To alan greenspan, robert rubin, and sandy weil: FUCK YOU!
the flaw in his theory…..
money printed up out of thin air is fraud
Sub-prime = crooks & idiots!