- Cause greatest financial mania in human history - check
- During mania, tell people to take our adjustable rate loans - check
- During mania, deny there was a mania - check
- After crash starts, admit you screwed up - check
- To finish things off, tell the world that home values are gonna crash and crash significantly - check
A HOUSINGPANIC MESSAGE FOR ALAN GREENSPAN - GO F*CK YOURSELF. YOU RUINED LIVES. YOU DESTROYED FAMILIES. AND YOU WILL NOT BE FORGIVEN.
Greenspan alert on US house prices
US house prices are likely to fall significantly from their present levels, Alan Greenspan has told the Financial Times, admitting that there was a bubble in the US housing market.
In an interview ahead of the release on Monday of his widely-anticipated memoirs, the former chairman of the Federal Reserve said the decline in house prices “is going to be larger than most people expect”.