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Ex-Fed Chief Greenspan Changes His Tune and Blasts the Housing Bubble He Helped Create
The housing bubble was former U.S. Federal Reserve Chairman Alan Greenspan’s doing – plain and simple. He gave birth to it, nurtured it, protected it, and guided it during every stage of its development. In fact, if there were a deck of playing cards featuring the key players in this debacle, Alan Greenspan would be the ace of spades.
So, it was strange to hear Greenspan, in an interview last week on CNBC, cast his eyes upon the charred landscape that was once the national real estate market and offer high-minded criticisms of the obvious excesses and irrationalities that brought…
7Aug2008 | Money Morning | Comments Off | Continued
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