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Greenspan on the economic crisis
http://news.yahoo.com/s/ap/20081023/ap_on_bi_ge/greenspan_9
Quote:
In his testimony, Greenspan put the blame for the subprime collapse on over-eager investors who did not properly take into account the threats that would be posed once home prices stopped surging upward.
"It was the failure to properly price such risky assets that precipitated the crisis," Greenspan said.
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No mention of Clinton and his alleged "forcing" of subprime lending.
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2004 VW Jetta TDI (manual)
Past MB's: '96 E300D, '83 240D, '82 300D, '87 300D, '87 420SEL
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