ACCOUNTANT

Who's to Blame for the Current Economic Situation?

Right on!!!! I always thought Greenspan was messing up badly during the early 2000's when he took interest rates to historical lows and held them there for much too long. Yes, the economy needed a boost after 9/11, but he way over reacted - had he gone down about 1.5% in rates and held for maybe 12 months, everything would have worked itself out - instead he went down about 3% and held those levels for over two years - during which time too many people made too many bad decisions based on abnormally low interest rates.