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To: loantech who wrote (49093)9/17/2007 9:22:54 AM
From: tyc:>  Read Replies (3) | Respond to of 78421
 
So he expanded the money supply, presumably at a time when an expansion was necessary. Was it his job to prevent the concomitant rise in housing prices, or to control who should be provided with easy credit for housing? (Or was that the responsibility of mortgage lenders ?)

I don't think that was Al's job.



To: loantech who wrote (49093)9/17/2007 10:22:13 AM
From: maxncompany  Read Replies (1) | Respond to of 78421
 
Yep, Greenie praised and recommended ARMS. Then, literally months later, said that anyone who doesn't recognise that rates are going up and will continue to go up for some time, is a fool. I paraphrased, but that's what he said.