Greenspan: No 'Irrational Exuberance' in Stocks Now - Yahoo! Finance
Greenspan: No 'Irrational Exuberance' in Stocks Now - Yahoo! Finance
Here is the problem I have with Greenspan. He knows the stock market has been pushed up with thin trades of a few people. He knows there is speculation in the markets.
And he wants more bank capital. He didn't seem to care at Basel 2, so why would he care now? Is he trying to rewrite his biography which includes the fact he said you could get a "better deal" by getting an adjustable mortgage? He couldn't be trusted then and he shouldn't be trusted now.
Here is the problem I have with Greenspan. He knows the stock market has been pushed up with thin trades of a few people. He knows there is speculation in the markets.
And he wants more bank capital. He didn't seem to care at Basel 2, so why would he care now? Is he trying to rewrite his biography which includes the fact he said you could get a "better deal" by getting an adjustable mortgage? He couldn't be trusted then and he shouldn't be trusted now.
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