Clinton's Non-Elite Economists Like Greenspan and Bob "Subprime" Rubin to Deal With Mortgage Crisis

[DrFunkenstein]

Alan Greenspan has been eternally tied to macroeconomics, never even bothering to consider the quality of life factors when making assessments. Furthermore, HE'S THE FRIGGIN' REASON THERE IS A MORTGAGE CRISIS!!!

I have covered the mortgage industry every day for the last three years. None of this would have been possible if Greenspan had done his job as a federal regulator of the national banks during the housing boom. He knew very well that the subprime lenders were easing their loan underwriting as he raised the federal funds rate (which helps determine adjustable-rate loans).

Among those subprime lenders was Robert Rubin at Citigroup. These are the people that Clinton actually suggested should FIX the mortgage problem.

I guess she got the names from her campaign manager, Maggie Williams. She made big bucks at Delta Financial, one of creepiest subprime lenders. It went bankrupt because of problems with so many loans going into default.

So just who are these elite economists suggesting that the gas tax is a bad idea? Because apparently Clinton's economists say its great. And I'm sure there no elitists.

[MannyGoldstein]

1. Fortunately, She Lost The Battle

Adios.