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WASHINGTON - While admitting some mistakes, former Federal Reserve Chairman Alan Greenspan on Wednesday defended the central bank’s much-criticized oversight of the subprime mortgage market, arguing that consumer protection was an important priority and that it did not make sense to outlaw all such loans.

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
While admitting some mistakes, former Federal Reserve Chairman Alan Greenspan on Wednesday defended the central bank’s much-criticized oversight of the subprime mortgage market, arguing that consumer protection was an important priority and that it did not make sense to outlaw all such loans.

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
WASHINGTON While admitting some mistakes, former Federal Reserve Chairman Alan Greenspan today defended the central bank’s much-criticized oversight of the subprime mortgage market, arguing that consumer protection was an important priority and that it did not make sense to outlaw all such loans. Greenspan also warned the federal commission examining the origins of the financial crisis that …

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webmaster@technorati.com wrote an interesting post today on
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In his second appearance on Capitol Hill since the 2008 financial collapse, the former Fed chair said it made no sense to outlaw all such loans and that consumer protection was an agency priority. Former Federal Reserve Chairman Alan Greenspan on Wednesday defended the central bank’s much-criticized oversight of the subprime mortgage market, arguing that consumer protection was an important …

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Random Feed wrote an interesting post today on
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Much has been written about the causes of the foreclosure crisis. Blame has been placed on everyone from irresponsible homeowners to greedy real estate agents, appraisers, and lenders, to sloppy investors, to apathetic government regulators. Others have blamed a “boom psychology”, contending that market participants got carried away by a collective and irrational belief in never-ending house price appreciation. This view is the most recent incantation of Alan Greenspan’s now famous expression, “

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