Greenspan - I was wrong about the economy. Sort of

#1 … -greenspan

#2 … 9B41F96%7D

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


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


Alan Greenspan speaking to the congressional committee:


Dean Baker lays into Greenspan, the Fed and the fraternity of economists: … osers_post

(See original post for embedded links)


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


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 … 436pap.pdf


a bit like bertie :laughing: