At the moment I'm reading this article
entitled "Congress calls for "mortgage czar."
The White House responded by saying We got your mortgage czar right here (our own HUD secretary).
The article says that Alan Greenspan stated that "the credit crunch was past the worst." Although the more exact quote from Greenspan was: "We are beginning to see the frenzy calm down...Unless we get secondary effects, the worst is over."
Sounds like a Technical Analysis response to me. Sounds like what he's really saying is that things look good from here unless of course we see confirmation of a Double Top. And if that's the case...