tag:blogger.com,1999:blog-11719208.post3345419490091615675..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Still almost childlike in his idealismTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11719208.post-79709274704126021542008-05-30T23:30:00.000-07:002008-05-30T23:30:00.000-07:00WTF? He's comparing the internet/tech bubble of th...WTF? He's comparing the internet/tech bubble of the 90s to "advances in housing finance", whatever that is.<BR/><BR/>One was based on a very real technology-adoption revolution in networking, IT, communications and the internet with transforming impacts on productivity and business. The bubblicious excesses of the later stages were distortions atop substantial real benefits.<BR/><BR/>The other was a debt-fueled orgy based on shuffling paper, manipulating numbers and concealing risk to open the throttle on hog-wild lending with no productive basis for the short-term profit of a few manipulators at the expense of a large number of dupes.tech98https://www.blogger.com/profile/00607134433499988891noreply@blogger.com