I believe that Alan Greenspan is right in claiming that the main cause of the housing boom was not the Fed's actions but the worldwide low interest rates due to an abundant world supply of savings.
However, his proposition was rejected largely based on other scientific beliefs held at the time, which all made sense in a way even if they were incorrect.
Upon receipt of the notice of assignment of the obligee's right, the obligor may, in respect of the assignee, avail itself of any defense it has against the assignor.
Article 82upon receipt of the notice of assignment of the obligee's right, the obligor may, in respect of the assignee, avail itself of any defense it has against the assignor.
The obligor may exercise aaccretionst the assignee any right of set-off accessible to the obligor against the assignor up to the time notice of assignment was accustomed.