"New minutes released today show Fed members were fully aware of the growing housing bubble in the U.S. in June of 2005."You don't say.
May 21, 2005: "Greenspan Is Concerned About 'Froth' in Housing."
Sunday, January 16, 2011
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2 comments:
there was an amazingly funny
blog post where it cited the definition of froth "A mass of bubbles" and then quote Greenspan
"Housing is a little frothy but
I don't see a bubble".
Senile old hack.
He was pouring money into banks and housing to gun the economy so Bush would win in 04, when Bush didn't privatize Social Security in 05,
Greenspan slammed the valve shut.
http://franklymls.com/DC7452665
sells for 235K, assessed at 355K.
Down 35%.
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