winslow

Alan Greenspan's Bosnia Moment

I would consider myself just "average" but I remember thinking at the time that something just wasn't right in the housing and lending arena. Homes were appreciating too fast and everyone was buying a home, including rampant investors. I felt and continue to feel that the "experts" are missing the correct evaluation of the situation and the correct response. The incorrect response is still occuring today. I'm not one to advocate increased regulation but it's obvious this was and is the problem.