Greenspan Covers His A$$; Mortgage Applications Down. Shocker.

Former Federal Reserve Chairman Alan Greenspan said falling U.S. home prices are ``nowhere near the bottom" and the resulting turmoil shows no signs of abating. Ya think?Bloomberg reports that the Mortgage Bankers Association index of applications fell 14% last week. This is the lowest level since the year 2000. And refi applications fell by 23%, also the lowest level since 2000. Tighter