12/16 -- Alan Greenspan said that the government should provide taxpayer's money direct financial assistance to F(*#&%d borrowers homedebtorsowners who signed on loans they didn't have a remote chance of paying off are threatened by foreclosure in the worsening insolvency credit crisis.
“It’s far less damaging to the economy to create a short-term fiscal problem, which we would, than to try to fix the prices of homes or interest rates.”
Alan's idea of a short-term fiscal problem is one which ends before the heat-death of the universe
“I don’t know if it would work,” he said, “but it would certainly help people."
I don't think it would work, but it would definitely take money out of my pocket. Greenspan is losing his mind. |