Friday, April 13, 2007

Allen Greenspan, Worth Civils and the Wall Street Energy Roundup

Climateer Investing got a mention by Worth Civils at the Energy Roundup yesterday.

Worth is a heavyweight financial reporter (although for some reason, even though I saw his byline hundreds of times in the Journal and at MarketBeat, I thought he was freelance).

If I could ask Mr. Civils one question, with his sources, resources and insight, it would be: what does he make of Allen Greenspan's Feb. 23, 2004 speech at the National Credit Union Association in which, as Chairman of the Fed., Greenspan said:

"American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage. "
"Indeed, recent research within the Federal Reserve suggests that many homeowners might have saved tens of thousands of dollars had they held adjustable-rate mortgages..."

This one has stumped me for three years.

Thanks for the blogroll Worth.