madasiwannabe

Feddie Pay: The Reality of the Bailout World

It was on Greenspans watch that all the bad decisions were made. You mentioned increased ratios, but no one is talking about the Fed lowering capital requirements for the banks and OFEHO lowering capital requirements and increasing portfolio limits for the GSE's. All of this just to make sure there was enough liquidity in the market to keep the housing boom rolling.

Greenspan should go to jail, not just for his role in setting up our current crisis while at the Fed, but his role in toppling the market while on the payroll of the two guys that made the most from it, Bill Gross and Bill Ackman.