Quote from Landis82:
And yet Greenspan had the balls to sit in front of Congress last month and tell us all that he had assumed that . . .
1. Real Estate markets were LOCAL markets and would never effect the National Economy.
and
2. Financial institutions would always seek to protect their equity.
Does he really expect us to "buy" all that???
Unbelievable!
In all fairness, he did say there was a 'flaw' in his model.
/sarcasm