The severity of the U.S. economy continues to amaze everyone. Even Alan Greenspan, the former Federal Reserve Chairman, can't believe the economic situation america finds itself in. Greenspan recently called the current situation a "credit tsunami," and he believes the markets will rebound significantly stronger than before the meltdown.
Wonderful. Isn't that what everyone said following the dot-com crash seven years ago?
Naturally, when asked if he made any mistakes during his tenure as Fed Chairman, Greenspan pointed the finger at the banks, saying he was surprised they failed so miserably at regulating themselves by lending to people that should never have received a loan. When people got themselves in financial trouble, LeaseTrader.com was there to help them transfer their car lease to someone else.
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