Once again….Last I saw Greenspan didn’t sign the loan docs that every buyer signed. Yes I suppose that if Greenspan wasn’t at the helm none of the lenders would have come up with all of these derivatives.
Yep that is the case.
Really guys come on. Do you honestly, honestly deep down think that this bubble would not have happened? Is that the case? If so then I don’t agree.
I am not a Greenspan apologist at all. I strongly disagreed with his policies all along. I do not recall all of the fed governers disagreeing with him at all the meetings but I guess I missed that.
Again it seems that people with half an ounce of grey matter do not buy something they cannot afford. Those that do, deserve to loose whatever they bought. No bailout, no excuses. Regardless of the bonehead policies that the Fed put forth in the past, you can be smart enough to live your life and not have to blame others for your own poor choices.
