I seriously have lost all patience with this discredited and corrupt fool.
Alan Greenspan is an enemy of America. Congress should pass a resolution asking for his "Presidential Medal of Freedom" back, and it should open an investigation into Greenspan's role in purposefully creating the housing bubble.
The "Greenspan Era" (or "Error") will be seen as the most shameful, destructive and corrupt time in American history. If I were Greenspan, I'd join Michael Jackson in seclusion, out of embarrassment and for personal safety.
Greenspan: Give Homeowners Financial Aid
WASHINGTON — Alan Greenspan, former chairman of the Federal Reserve, suggested Sunday that a tax break or other government financial help for homeowners facing the mortgage crunch would be the best political fix for the economy.
He cautioned against meddling with home prices or interest rates to address the housing problem.
Greenspan did not specifically call for a tax cut. Instead, he called for the government to apply money to the severe housing market slump. Such a cash infusion would typically come through a tax break or a new government spending program.
"Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this," Greenspan said during an appearance on ABC's "This Week."