As part of his Defending the ‘Span Tour ’08, Alan Greenspan appeared live via satellite today on CNBC, in a rare “not nude in the tub” post-retirement interview. We had the thing on mute, but this is how we imagine it played out:
Al: Maria, is that a new perfume, or is it just my musky pheromones raging?
Al: 2 million homes foreclosed? Fuck em.’
Al: Seriously, Maria, board the UBS jet with me. I’ll drink your bath water.
Al: Look out!
Ultimately its buyer beware. Millions of people bought houses they had no business buying and the banks/mortgage brokers/rating agencies/regulators all went along with it so more people could afford the American Dream. Is it the fault of anyone listed above? NO, just like it isn’t the carnival barkers fault when you don’t win the rigged game. BUYER BEWARE, just because someone else says you can afford something make sure to look at the numbers and make a determination yourself.
The Perfect Storm?
Today during an interview on CNBC Former Federal Reserve Chairman Alan
Greenspan said: “…for the first time in my memory we’ve had both the
banking system and the securities markets in trouble. Historically, it was always one or the other…” Could he be describing The Perfect Storm? If so, how could that not be catastrophic?
[insert Jaws-like theatrical music, mixed with Armageddon noise...sans Aerosmith]
Al-baby is wishing he could send his heat seeking guided missile right up Maria’s bunker!
[...] Earlier: Greenspan: No Regrets [...]