Greenspan Admits He Underestimated Subprime Problems

The Federal Reserve. Our whole lives revolve around it.

We’ve had several years of the most fantastic opportunities to make money in real estate in our lifetimes and what happened?

Big Dog, Little Dog

The [tag-tec]Federal Reserve[/tag-tec].  Our whole lives revolve around it. 

 

Will  the Feds lower interest rates?  Will they raise them?

 

We’ve had several years of the most fantastic opportunities to [tag-self]invest[/tag-self] in real estate  and to make money in real estate in our lifetimes and what happened?

 

People went crazy.  Who’s to blame?  Alan Greenspan, of course.

 

But is it really this simple?

Who’s fault was it really?  And does it matter now?

 

But I like the answer one reader wrote for  the  blog, The Mess That Greenspan Made.

 

“Just abolish the Privately Owned Federal Reserve Bank Corporation, go back to a Gold and Silver backed currency. How many more times are we going to let the FED screw up our economy?”

 

Read More -The Mess That Greenspan Made

 

Read More- It’s Not Greenspan’s Fault

 

Leave a Reply