More Perspective and Discussion on the Mortgage Crisis Commission

" "Greenspan FINALLY Acknowledges Existence of Fraud. The Internet publication reported that Greenspan responded to a question from a commissioner as to whether subprime lenders should now be supervised by the Federal Reserve, saying, "Well, first of all, remember you have to distinguish between supervision and enforcement. A lot of the problems which we had in the independent issuers of subprime and other such mortgages, the basic problem there is that, if you don't have enforcement, and a lot of that stuff was just plain fraud, you're not coming to grips with the issue.""