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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Steve Lokness who wrote (72359)12/15/2007 5:33:56 PM
From: Tommaso  Read Replies (1) of 116555
 
>>>But Greenspan was at the front of the parade marching with his "buy housing now" banner flying high and encouraging people to take out adjustable rate mortgages so they could participate in the bubble. Geesh, now he says he had no part in the bubble. His role in this is clear.<<<

And he still has so much influence that the Fed is taking actions as if he had never retired. At least some economists of recognized stature are speaking up. Such as Allan Meltzer, although his recent adverse comments are strangely hard to locate on the net.
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