A porcupine with a bad head cold taking excessive amounts of tranquilizers after watching a 24 hour marathon of Beavis and Butthead episodes could have figured out that keeping interest rates low was a good thing to do recently.
Then again, Big Ben learned from the person who really caused this mess and that is his predecessor, Big Al Greenspan.
Al and his briefcase, that probably had a baloney sandwich in it, kept rates very high earlier in the decade and then did not see the regulations that needed to be put into place to keep the economy real late in his term.
From then on, he thought he was more important than Jesus (sorry, John Lennon).
We will look back on this decade as a time that we were lucky we didn’t get into trouble earlier but hopefully, we can get out of it and return people to work, have them buy homes and give them logical loans.
BTW, It’s been written that Greespam (not a misspelling) actually had an Option Arm on his house. Makes you wonder.
