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Greenspan In The House: Study Downplays High Risk Financing As Cause Of Rise In Prices

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Federal Reserve Chairman Alan Greenspan spoke to the American Bankers Association today [Federal Reserve] [2] and re-visited the topic of housing. He indicated that any decline in home prices would not necessarily be disruptive [MarketWatch]. [3]

Some key points from the a new study he co-authored:

These are interesting points made that seem to belie many of the arguments that high risk financing is causing a housing bubble.