SubscribeAll Posts Tagged With: "U.S. government issue"
Alan Greenspan Can’t Escape His Role in the U.S. Housing Bubble
Back during the U.S. invasion of Iraq, when the U.S. government issued its now-famous deck of playing cards featuring pictures of the 52 arch villains of the Iraqi police state, Saddam Hussein’s face adorned the Ace of Spades. If the Barack Obama administration wanted to engage in a similar public relations campaign – this time with a focus on the U.S. real estate crisis – that top card should be reserved for former Federal Reserve Chairman Alan Greenspan.
In a speech before the National Association of Realtors last Tuesday, Sir Alan “the-bubble-blower” Greenspan claimed that his low-interest-rate policies in the early…
19May2009 | Money Morning | 1 comment | Continued
Loading ...
