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Greenspend urges bailout of underwater homedebtors
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.
Posted by: Anguper Hupomosing9418 2007-12-18
http://www.rantburg.com/poparticle.php?ID=213860