UnKle AL

Greenspan On Current Meltdown: Interview with an Arsonist

Mr. Greenspan is going around the world trying to cast a good light on his legacy by stating that "no-one could have predicted this present debacle. WRONG !! My wife's bridge club predicted it several times wondering how people could be given a mortgage without a significant down payment. From nothing down to overblown appraisals to ARM's to interest only loan- only an idiot or a totally incompetent would stand idly by and say nothing. Now, we are all paying for Alan's pseudo intellectual stances. He is now affiliated with s firm that has made billions by shorting Freddie and Fannie. How coincidental ! Perhaps it is finally time for all of us who are financially suffering from his incompetence to refer to him as Mr. REDspan to better describe his term in office.