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March 14, 2007


Jon Husband

Evidently this past Thursday Alan Greenspan said that if only house prices were to magically rise by 10% there would be no problem with all those sub-prime mortgages that are about to re-set.

Via Clusterfuck Nation .. you probably already saw it.

The comments are quite interesting .. I'd say there are early not-so-weak signals. Amazing Mental Rot

I'd like to imagine that history will show Greenspan to have been an absolutely bought-and-paid-for charlatan who had a major role in helping the American economy go down the tubes whilst enabling the enrichment of his masters. In other words, a master criminal.


Cavalcade of Risk #23 is up, and your post is included...

The latest edition is at:


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