The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (31543)	5/19/2005 11:30:29 AM
From: Valuepro	Read Replies (1) of 306849

John, "Greenspan sure did a nice job controlling the S&L's when he gained control <g>. Perhaps this is the reason why he has had a hands off approach to the credit and regional housing bubble for way too long?" John, not sure I understand. He let things get to the levels of crisis in some few institutions (and maybe it was all planned anyway), and then assisted in changing accounting rules for S&L's (not banks). By the new rules, many more institutions were suddenly in trouble. Of those that survived, most all did so by becoming banks.

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