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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (17770)	2/24/2004 10:54:54 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

Of course Greenspan is pointing out the danger of concentrated risk, but I doubt this is merely an academic exercise. I think likely future events are pushing this. He has spoken for years about the subsidy given to Fannie and Freddie, so I don't think that means much. The concern with concentrated risk, especially in institutions potentially guaranteed by taxpayers, is the main thrust. Though on the other hand I haven't understood any of his Central Banking decisions since 1996, so perhaps he's just criminally insane.