This is a direct quote from a Bloomberg news story 3 days ago: Greenspan said he wants the subprime mortgage market to return. “I hope we can find a way of resurrecting the subprime market,” because it was working well until those mortgages were widely securitized, he said.
Hat tip to Ed Steer of Casey's Research Link. Here's the original Bloomberg news story, because the statement is so outrageously unbelievable, I wanted to make sure it was bona fide: Greenspan = MORON
Friday, February 26, 2010
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