Friday, August 01, 2008

Dr. Doom Speaks

Bloomberg reports that Alan Greenspan is making his usual cheery comments:
falling U.S. home prices are "nowhere near the bottom"

Fannie Mae and Freddie Mac... are a "major accident waiting to happen"

"The solution" is the "nationalization" of [Fannie Mae and Freddie Mac]
The last statement should scare the crap out of every American, which means it will become what everyone demands.

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