Greenspan - I was wrong about the economy. Sort of


#1

guardian.co.uk/business/2008 … -greenspan


#2

marketwatch.com/news/story/g … 9B41F96%7D

So, apart from that $50 trillion fuck-up, “Good Job!”


#3

:laughing: :laughing: :laughing: Absolutely perfect description.


#4

Alan Greenspan speaking to the congressional committee:
**


#5

Dean Baker lays into Greenspan, the Fed and the fraternity of economists:
prospect.org/csnc/blogs/beat … osers_post

(See original post for embedded links)


#6

Greenspan’s claim to be only ‘partially’ wrong must the understatement of the decade.


#7

Greenscam knew full well what was coming and made a speedy exit before the shit he helped create hit the fan.

See Page 27 - Figure 5. Expected loss on hypothetical CDO tranches is correlated with macroeconomic conditions

Understanding the Risk of Synthetic CDOs
Michael S. Gibson Revised, July 2004
federalreserve.gov/Pubs/FEDS … 436pap.pdf


#8

a bit like bertie :laughing:


#9