Yahoo News: Greenspan: House Prices to go Much lower;

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Mr. Greenspan notes that the efforts of the Federal Reserve to raise interest rates to stem the real estate bubble did not work, and the efforts of the EU did not work either. "We were helpless," he says.

The other night on PBS, Mr. Greenspan in an interview said similar sentiments, and used the "F" word. He said that while the Federal Reserve could not do something about the subprime problem in the past, the real problem was "FRAUD" and that the federal government could do something about that.