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: neolib who wrote (176848)	1/13/2009 2:21:32 PM
From: Jim McMannis	Read Replies (1) of 306849

It's my contention that both parties were too stupid to see the repercussions of what they were doing. Wall street and Fanny (Raines), mortgage companies etc. were scheming in the background and couldn't believe their luck. I still dunno why Greenspan didn't nix the whole thing. Maybe he remembered the beat down he got for his irrational exubberance coment back in 98?,

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