Quote For The Day II

""If we tried to suppress the expansion of the subprime market, do you think that would have gone over very well with the Congress? When it looked as though we were dealing with a major increase in home ownership, which is of unquestioned value to this society -- would we have been able to do that? I doubt it...We could have basically clamped down on the American economy, generated a 10 percent unemployment rate. And I will guarantee we would not have had a housing boom, a stock market boom or indeed a particularly good economy either," - Alan Greenspan, Former Federal Reserve chairman.

(hat tip: Dreher)