Here goes.
“We are finally beginning to see the seeds of a bottoming in the housing industry. The U.S. is at the edge of a major liquidation in the stock of unsold properties, which may help to stabilize prices".
-Alan Greenspan on May 12, 2009.
I cant figure out for the life of me why the press, media, and the public constantly seek out opinions of brighter days and reassurances from the very people who put us in this grand mess in the first place.
Alan Greenspan has made continued speeches and interviews proclaiming the worst might be over time and again, and every time CNBC is on the story.
The only ones with a worse track record then Greenspan with regards to housing is the group he was speaking to yesterday:
The National Association Of Realtors.
This coming from the same guys who are in denial that a crisis ever existed.
They paid Greenspan 100k to spew his crap. What he had no book to promote?
I cant believe this guy is still relevant?
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