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by bthrasher102 September 13, 2007 6:41 PM EDT: Let me see if I have this straight. You think Greenspan should have increased rates so that the economy would tank and we would have been in a recession for 4 years. Good call, you idiots should be in charge of the economy for sure. You can''t blame the guy running the economy for crooked lenders and greedy homeowners. Face it, half of these people who are crying about being foreclosed on knew good and well what they were getting into. They saw a chance to upgrade to a home beyond their means and ignored the risks. Anybody who has gone to college in the past 50 years has probably taken economics and should know that interest rates will rise. The other half (the lower middle class) were taken advantage of by lenders, but once again, most were probably ignoring the risks they knew were there.; Reply to this comment


by boldwin223 September 13, 2007 6:36 PM EDT: "he "didn''t really get it" that the sub-prime lending trend was significant enough to hurt the economy until very late 2005"

Ben Bernanke and the Fed are going to make the same mistake next week!!! If the Federal Reserve does not stop listing to Bush, the MBA, the U.S. is going to be in one hell of a recession. Oh thats right, it will be Bill Clinton''s fault.; Reply to this comment


by bthrasher102 September 13, 2007 6:34 PM EDT: Let me see if I have this straight. You think Greenspan should have increased rates so that the economy would tank and we would have been in a recession for 4 years. Good call, you idiots should be in charge of the economy for sure. You can''t blame the guy running the economy for crooked lenders and greedy homeowners. Face it, half of these people who are crying about being foreclosed on knew good and well what they were getting into. They saw a chance to upgrade to a home beyond their means and ignored the risks. Anybody who has gone to college in the past 50 years has probably taken economics and should know that interest rates will rise. The other half (the lower middle class) were taken advantage of by lenders, but once again, most were probably ignoring the risks they knew were there.; Reply to this comment


by jjarden September 13, 2007 5:44 PM EDT: What a LIAR! Then he must be the stupidest Economist ever, and he shouldn''t have been in the job. Here we go again, one of the insiders causing havoc with people''s lives, and getting off scott free. When are we the people going to do something about these "Officials"...he should be tarred and feathered.; Reply to this comment


by feelfree1 September 13, 2007 5:28 PM EDT: Re: "Greenspan Defends Low Interest Rates"

Alan Greedscam is as responsible as anyone else for the current collapse of the housing market, and the coming economic contraction.; Reply to this comment


by darvillis September 13, 2007 4:07 PM EDT: I don''t believe a word of this. I am no genius but yet I knew in late 2004 early 2005 what the impact would be on the economy. And for my next perdiction housing prices will drop dramatically and interest rates will rise. This will inspire a new group of folks to buy homes thus starting the cycle all over again.Anybody want to bet?; Reply to this comment