CrushTheStreet.com has just posted a dated video of Alan Greenspan being interviewed on the news on our front page. This was shot in 2008 before the major stock market crash but while the real estate bubble had been bursting.
There was a question posed in the interview regarding the subprime disaster and whether or not there was something Greenspan could have done to prevent the massively inflated bubble in the housing market. His response was a declarative "no."
A little more than halfway through the video, Greenspan discloses that he has ideologies that are republican and libertarian in nature. He says that he believes this because he believes in the markets which is a huge contradiction as he supports and was part of the actions of the Federal Reserve for 18 years.
ol3mEe8TH7w
Tweet