Friday, November 23, 2007

New howler from Greenspan

Alan Greenspan, his reputation in tatters as the bubbles that he helped to build up continue their long collapse, can't believe anyone could hold him to blame, telling Bloomberg:

"Markets are becoming aware of the fact that the decline in house prices is not stopping. I have no particular regrets. The housing bubble is not a reflection of what we did, as it is a global phenomenon.''

No comments: