If you've been nervous about the massive amounts of housing-related debt everyone seems to be taking on these days, worry no more. Our Man Alan Greenspan says it's no biggie. Reports the NYT, "The Fed chairman contended that many measures of household debt overstate the size of debt burdens. While home mortgages have soared, the values of the properties have climbed as well, he said." (If you read the article, skip the part about the Goldman Sachs report "Trouble Brews in the Housing Market.")
· Mortgage Debt Not Big Burden, Greenspan Says [NYTimes]
Filed under: