So the question is, can people who bought a home this summer sue anyone - kind of like suing the analysts who were pumping the .com stocks at the same time they and the insiders were getting out?
Besides Greenspan, most evil on my list is Bob Toll.. who enriched himself and cashed out, at the same time denying any softening or bubble, even though he knew DAMN WELL what was happening because he had visibility.Shhh ... just listen ...
It was only a few weeks back that I suggested home shoppers not believe everything they hear from the oft-quoted, so-called Experts regarding the housing market. There was a pretty straightforward reason.
Despite much evidence to the contrary, the people with a vested interest in continuing to see prices rise -- like the outgoing Fed chief, Alan Greenspan -- kept telling the soundbite-seeking press that there was no "bubble." Regional bubblets, maybe. Well, not even bubblets. Areas of higher enthusiasm, really. Everything was just fine. Nothing to see here. Not then, anyway. Not way back in ... July
November 18, 2005
Posted by blogger at 11/18/2005