Responding to the financial crisis on Wall Street, former Federal Reserve chairman Alan Greenspan said: "The weight of the housing and credit crises is in the process of outstripping anything I've seen yet to run its course. It will continue to be a corrosive force until the price of homes in the United States stabilizes," perhaps next year, he said. (Source: AP, Reuters)YES, viejo ... the same major housing crisis you could not foresee while maneuvering that interesting submarine low, low, lower.. what was it called? that's right, the US Sublowprime... the same one that is about to take us all down with its sinking...
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