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View Diary: Open Source Research Project: Alan Greenspan (284 comments)

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  •  Encouraging the use of adjustable rate mortgages (none)
    I'm at work, so I can't scroll through everything to see if someone's mentioned this already, but Greenspan spent much of 2004 encouraging folks to stick with adjustable rate mortgages, even though rates were at an all time low, and he himself was embarked on raising rates (see his Congressional testimony in June 2004).  This article only briefly mentions Greenspan's testimony on this, but shows the risk of this strategy were pretty obvious to most commentators.

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