I have had no time to write about this yet, so for now read this great response from Caroline Baum of Bloomberg.
Former Fortran and Cobol computer programmer turned world's most celebrated Central Bankster, and now gloriously, fiscal reprobate, Alan Greenspan is on a world-wide mission of damage control.
Briefly, he claims the Fed did not cause the housing bubble. It's a failed attempt at self-exoneration and I will give my thoughts later when time allows. Apparently he's lost his mind and forgotten most of the past 12 years.
Read Greenspan's delusion and try not to add to the Citigroup vomit in the corner.