Greenspan: “I have something both very obvious and incredibly stupid to say”

Congressional committee lamblasts Greenspan – Oct. 23, 2008

“We are in the midst of a once-in-a century credit tsunami,” Greenspan told the House Oversight and Reform Committee.

Except that it hasn’t really been a century though, has it? What is this, one of those “100 year flood” or “trial of the century” things that happen every time I stop paying attention? Bonehead.

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