alan greenspan defends himself

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.

Category:

News & Politics

Tags:

• greenspan
• housing
• bubble
• burst
• foreclosure
• loan
• default
• sub-prime
• lending
• federal
• reserve
• low
• interest
• rate

[masotta]

Mr Greenspan,

You do not work for the American people, you never did, the world cannot trust you.

You are an “inside lobbyist” that deserve jail time.

I think now, on your retirement, it’s time for you to remain silent even if you could be ever right.

[Feralthegod]

Why is this crook not in jail?

[Southparkateer2]

Can you recognize a liar? use this video as a guide.

[Southparkateer2]

Biggest asshole on the planet working for the worst institution of all time

[zorg012]

Its amazing how a small group of people can fuck the whole world just because of greed.

Greed, greed, greed, greed...

[kaminoneh]

Someone please assassinate him!

[Ammoroso29]

This man should be arrested along to Kissinger, Bernanke, Bush I, Bush Jr and Obama

[Spindry96]

This piece of shit deserves to be hanged

[TWSceptic]

@DynamicMindLv Not all jews are bad you moron. It just happens that jews are often in financial business because they have more experience in it, so when you see rotten apples in this business it's more often a jew.Doesn't mean jews are inherently 'bad'. That's retarded nazi crap. But you seem to be one of those...