Greenspan on the mortgage crisis: Blame the Soviets

Discussion in 'Economics' started by Daal, Dec 12, 2007.

  1. Daal


  2. Causes of crisis.

    -American dream --- Spend $$ u don't have to buy $hit u don't need to impress people you can't stand

    -Greed on both consumer and lending side

    -Countrywide's 1% teaser rate predatory lending practices
  3. xiaodre


    Yeah, but I blame the Soviets for cutting the thousand year reich short too, though.
  4. I blame all these on Soviets and socialist; who give out free housing and free medical care; so we have to compete with free loan. :D

    What jokes!.
  5. I blame the schools.
  6. I blame whoever let this get out of if there ever was any
  7. Skog


    One could make a fortune selling toner to the Feds printers :D