tag:blogger.com,1999:blog-11719208.post1883095562055802620..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Alan Blinder is (belatedly) making senseTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11719208.post-41464613310923318942008-06-15T22:59:00.000-07:002008-06-15T22:59:00.000-07:00What a cop-out. The housing bubble was a regulator...What a cop-out. The housing bubble was a regulatory problem and not a monetary policy problem. As if everyone should have just behaved themselves for an extended period of time waiting for the economy to heal itself while real interest rates were negative and you could only get one percent in a savings account. Monetary policy at the time was just begging people to take risks, so they did. The fact that there wasn't a regulator in sight made things much worse than they would otherwise have been, but without the low interest rates, the housing bubble would never have become so big.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-61537419559575237372008-06-15T14:03:00.000-07:002008-06-15T14:03:00.000-07:00So mopping up after now includes cleaning up inves...So mopping up after now includes cleaning up investment banks balance sheets by letting them unload their toxic paper for treasury notes?<BR/><BR/>Hmm who knew?Anonymousnoreply@blogger.com