Apr 11, 2008

Martin Feldstein on Greenspan defending his role in creating a housing and credit bubble

There's lots and lots of blame to go around. The low interest rates contributed to it. The policies pushing subprime lending coming from the government contributed to it. Bad bank examining contributed to it. The rating agencies contributed to it. You could go on and on.

~ Martin Feldstein, National Bureau of Economic Research president/CEO, as appeared on CNBC, April 7, 2008

No comments: