Greenspan on the mortgage crisis: Blame the Soviets

[Daal]

http://online.wsj.com/article/SB119741050259621811.html?mod=mktw

his argument actually makes more sense than 'greenspan likes to print money'
I'm still waiting for gold bugs to prove that low short-term interest rates created a housing boom

 

[Matt24SPFL]

Causes of crisis.

-American dream --- Spend $$ u don't have to buy $hit u don't need to impress people you can't stand

-Greed on both consumer and lending side

-Countrywide's 1% teaser rate predatory lending practices

 

[xiaodre]

Yeah, but I blame the Soviets for cutting the thousand year reich short too, though.

 

[number22]

I blame all these on Soviets and socialist; who give out free housing and free medical care; so we have to compete with free loan.

What jokes!.

 

[Thermactor]

I blame the schools.

 

[daddyeaux]

I blame whoever let this get out of control...as if there ever was any

 

[Skog]

Quote from daddyeaux:

I blame whoever let this get out of control...as if there ever was any

One could make a fortune selling toner to the Feds printers