Do you think Greenspan just trying to hide its incompetence to finish with its “oil” statement?
First, Greenspan took interest rates to near historic lows. Millions of low-skilled in the domestic market flooded with mortgages and property purchased with insane conditions. Millions of others have in the property market now with the hope of “flipping”, adds 6 to 12 months in 30% Gewinn.Greenspan he knew all the speculation and the risk of subprime Krediten . Dann always careful not to force inflation and Greenspan raised interest rates 19 times the Federal Reserve forcing millions of homes in foreclosure.