{"id":198107,"date":"2007-12-12T19:27:00","date_gmt":"2007-12-13T00:27:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/12\/12\/alan-bubbles-greenspan-the-i-didnt-do-it-kid\/"},"modified":"2007-12-12T19:27:00","modified_gmt":"2007-12-13T00:27:00","slug":"alan-bubbles-greenspan-the-i-didnt-do-it-kid","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/12\/12\/alan-bubbles-greenspan-the-i-didnt-do-it-kid\/","title":{"rendered":"Alan &#8220;Bubbles&#8221; Greenspan, the &#8220;I Didn&#8217;t Do It&#8221; Kid"},"content":{"rendered":"<p>Yep, he <a href=\"http:\/\/opinionjournal.com\/editorial\/feature.html?id=110010981\">has an article in the Wall Street Journal claiming that it&#8217;s not his fault<\/a>.<\/p>\n<p>Felix Salmon of Portfolio.com <a href=\"http:\/\/www.portfolio.com\/views\/blogs\/market-movers\/2007\/12\/12\/greenspans-legacy-the-housing-bust\">pretty much eviscerates him on his lies<\/a>.<\/p>\n<blockquote><p><span style=\"color: rgb(0, 0, 153);\">That said, however, the main reason why the housing bust seems to be much worse in the US than elsewhere is surely those ARMs \u2013 which, as Greenspan concedes, were a function of low short-term interest rates. They allowed many people to buy houses they couldn&#8217;t afford, which in turn created a massive solvency crisis.<\/span> <\/p><\/blockquote>\n<p>Greenspan&#8217;s reputation is trashed, as well it should be.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yep, he has an article in the Wall Street Journal claiming that it&#8217;s not his fault. Felix Salmon of Portfolio.com pretty much eviscerates him on his lies. That said, however, the main reason why the housing bust seems to be much worse in the US than elsewhere is surely those ARMs \u2013 which, as Greenspan &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,978,985],"tags":[],"class_list":["post-198107","post","type-post","status-publish","format-standard","hentry","category-economy","category-politics","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198107"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=198107"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198107\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}