re: Why do the talking heads keep mentioning the 150% run up in the last 4 years

quote:

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The link you gave was an article about fin-reg issues, and I don't like the Fed even being involved with all that nonsense anyway.

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It spoke about the broader issues. I thought his comment about "undervaluing risk" and admission of a "partial" mistake was a de facto admission he contributed to the problem. You can disagree, but the broader issues were discussed in the article as well.

Anyway, Doc - you're a super smart guy, smarter than me on real estate, for sure, but to pretend that Greenspan's model, which sustained too low interest rates for too long a period of time didn't contribute to the bubble, collapse and many of our fundamental problems today (what's the passbook savings account rate today, 1/10 or 1/8 of a percent? Why is that?) is probably a little not seeing the forest for the trees.