Partial wrongness alluded to
“I made a mistake in presuming that the self-interest of organisations, specifically banks, is such that they were best capable of protecting shareholders and equity in the firms... I discovered a flaw in the model that I perceived is the critical functioning structure that defines how the world works. I had been going for 40 years with considerable evidence that it was working exceptionally well.”
Let he who has also been right for forty years cast the first stone...
Labels: Alan Greenspan, end-of-the-world-as-we-know-it, it's the stupid economy
2 Comments:
I'd never realised the similarity between Alan and the Fonz: I was wwrrrr... I was wwrrrr.... I, ah, was wrrrrrrrrrrrrrrrrrrrrrr.....
Yeah, oopsie daisy.
Sheesh.
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