Greenspan: Housing is ‘nowhere near the bottom’

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I can’t quite figure out whether Alan Greenspan is still big news. He’s still capable of headlines, though: ‘Former Federal Reserve Chairman Alan Greenspan said the U.S. is ‘nowhere near the bottom’ of the housing slump and is ‘right on the brink’ of a recession.’

More, from CNBC.com: ‘... he also warned that ‘Fannie and Freddie are a major accident waiting to happen.’

His comments came in an interview today with CNBC. I’ll look for more quotes on housing from the interview and add them to this post.

-- Peter Viles
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