Greenspan Pressures Regulators to Rein in Housing Speculation

I do not like quoting anything from Robert Novak. But I can’t find another source for this and it’s something that’s worth bringing to your attention.  So, holding my nose, here it is:

Inside Report: Greenspan's Concerns, By Robert Novak:  Federal Reserve Chairman Alan Greenspan, worried about excesses in real estate investment, has privately called on other federal regulators to take a closer look at imprudent speculation. According to Fed sources, Greenspan has told the regulators that there is a limit to what the central bank's monetary policy can do in tamping down inflationary pressures. He has been in contact with the Comptroller of the Currency and the Office of Thrift Supervision, among other agencies…