some say that due to greenspan's keeping interest rates too low for too long, that he paved the way for or even caused the current economic crisis facing the real estate market (which in turn direc...
some say that due to greenspan's keeping interest rates too low for too long, that he paved the way for or even caused the current economic crisis facing the real estate market (which in turn directly affects the overall economy). he also stands accused of not having done more to prevent sub-prime lending, which in turn leads (and has led) to a record number of foreclosures as well as falling housing prices, and the so-called "bursting of the housing bubble". greenspan defends himself against these accusations and more in the opening segment of the 60 minute interview with lesley stahl (aired 9/16/2007)
btw- i know little to nothing about economics and lending practices. if i am stating something incorrectly above, please feel free to kindly point it out to me, and i will make a correction (when i can finally make the time). thank you.
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Mr. Magoo should be in jail, but instead is allowed to wander around pontificating like some elder economic statesman. How pathetic Mr. Magoo truly is. The way life works, one should get wiser the older he gets, but in Mr. Magoo's case he gets stupider. And Mr. Magoo's stupidity will be the economic doom of all of us. Woe unto the shepherd who allows the economic wolves to savage the widows and orphans.
Woe unto the shepherd who allowed open greed and corruption to flourish during his twenty year reign of economic terror. Woe unto us all for his arrogance, stupidity and desire for the acclaim of the media, the politicians and the masses. Mr. Magoo has brought us to the this place of economic desolation. For that the judgment of history will be savage and brutal, just as his policies have created savagery and brutality for the rest of us.
lol "i didnt get it", He looks just like a teenager caught doing something by the cops,lol, Uhhh I dont know why thats in my bag,its not mine,The bags mine,the ounce of pot isnt,I dont know!.lol
This guy is a damned liar. He says "I didn't think we were capable of what he was suggesting." at 2:00. However this is the furthest from the truth. He was an admirer of Ayn Rand who was against regulation of any kind, even known fraud. He was specifically against any regulation even when the fraud was clear. Now he's trying to spin it as though he didn't think anything could've been done.
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We will live to see it. Very soon...
By God - they will BE present and it shall be their judgement...
Ben Bernanke and Alan Greenspan were wrong!