And Whatever Their Publicized Angst Over Saddam Hussein's 'weapons Of Mass Destruction,' American And British Authorities Were Also Concerned About Violence In An Area That Harbors A Resource Indispensable For The Functioning Of The Word Economy. I Am Saddened That It Is Politically Inconvenient To Acknowledge What Everyone Knows: The Iraq War Is Largely About Oil.

-Alan Greenspan

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And Whatever Their Publicized Angst Over Saddam

Alan Greenspan

And Whatever Their Publicized Angst Over Saddam Hussein's 'weapons Of Mass Destruction,' American And British Authorities Were Also Concerned About Violence In An Area That Harbors A Resource Indispensable For The Functioning Of The Word Economy. I Am Saddened That It Is Politically Inconvenient To Acknowledge What Everyone Knows: The Iraq War Is Largely About Oil.

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War

Mass Destruction

Oil

Even Though Some Down Payments Are Borrowed, It Would Take A Large, And Historically Most Unusual, Fall In Home Prices To Wipe Out A Significant Part Of Home Equity. Many Of Those Who Purchased Their Residence More Than A Year Ago Have Equity Buffers In Their Homes Adequate To Withstand Any Price Decline Other Than A Very Deep One.

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