What a Cassandra...

Obviously, Mr. Greenspan hasn't been listening to Phil Gramm and the McCain campaign. Doesn't he know that our economy is as sound as the almighty dollar? Oops....

Think Progress » ThinkFast: September 15, 2008

Former Fed chairman Alan Greenspan said the U.S. credit squeeze has brought on a “once-in-a-century” financial crisis that is likely to claim more big firms before it eases. “Indeed, it will continue to be a corrosive force until the price of homes in the United States stabilizes,” Greenspan said.

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