Re: Greenspan on 60 Minutes - I call BS
[ QUOTE ]
He doesnt say he didnt recognize that it COULD happen. He says he didnt realize the EXTENT to which it happened. It isn't suprising that he wasnt focused on it then, since it was in only in late 2005 and early 2006 that subprime originations took off, and at the time he was busy handing off the job to BB.
[/ QUOTE ]
Somehow this doesn't make me feel like the value of my dollars are any more secure.
|