Greenspan

Commentary

How Failures from the Maestro, Alan Greenspan, Lead to the Mortgage Crisis

by Joshua Dorkin | September 14, 2007

According to the man who has been touted as the greatest central banker we’ve ever had, Alan Greenspan revealed yesterday that he dropped the ball during the birth of the Sub-Prime Mess. According to Greenspan in a 60 Minutes interview, “While I was aware a lot of these practices were going on, I had no [...]

12 comments Read the full article →
Real Estate

Mortgage Crunch Hits Job Market and Stock Market

by Joshua Dorkin | September 7, 2007

The Labor Department today reported that payrolls fell by 4,000 in August for the first time in 4 years. What makes matters worse is that estimates were for this number to increase by 110,000. Job losses included those in manufacturing and construction. Clearly, we can see that the housing market is starting to affect all [...]

2 comments Read the full article →
Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets® is a registered trademark of BiggerPockets, Inc.