Who is the “they” that should have said something? We did, some journalists (Barrons) did, but no one listened. Greenspan and The Fed should be held accountable for the record because most Americans have been force fed the “Maestro” genius label. This lending affected all home buyers, not just ARM borrowers, because it created artificial shortage for homes that sent prices skyrocketing.
It is not finger pointing, it is setting the record straight. If none of this would have happened with better leadership, why not let the public know that. It won’t help anyone now, but it may force future leaders to remember that we will NOT be ignored. Stand up.
