BakshisMouse
Rookie
- Jun 28, 2011
- 702
- 70
- 0
- Banned
- #101
As I said, Greenspan could have helped prevent the crisis by taking money from the economy by ordering open market sales of bonds.
what you mean to say is that Greenspan could have reversed the bubble or not let it form at all by decreasing the money supply. Don't blame the banks for what the liberals did!!
Don't just blame the liberals for the housing bubble. If the banks and financial firms were so unwilling to make such laons, why were mortage backed securities classified as AAA investments by Standard and Poors up until the time they were worthless?