Greenspan explained that "We are finally beginning to see the seeds of a bottoming" in the housing industry. The New York Post's John Crudele reports:
I figured it was worth knowing how much Greenspan gets these days for defending his own indefensible actions at the Fed while also trying to pull the wool over the eyes of would-be homeowners.
So I asked someone named Lucien Salvant, managing director of the NAR's public affairs department.
His answer in an e-mail: "None of your business. How much is the NY Post paying you to ask that question?" Whoa! Calm down, Lucien.
What follows is a UFC-style takedown of Lucien that has view parallels in journalistic history, with stops along the way for "Your job, Lucien, I understand, is to shovel crap to the press." You can read the whole thing for yourself but it crescendos with this epic line: "Lucien, if you gave Greenspan more than bus fare, you were robbed."
On a more serious note, the Greenspan news further underscores just how incredibly out of touch with reality the National Association of Realtors is. By hiring Greenspan, NAR has essentially descended into self-parody.
I feel bad for all the perfectly decent real estate agents who are affiliated with that steaming pile of spin.
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