Feigning Surpise at US Credit Crash?

 

WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan told Congress on Thursday he is “shocked” at the breakdown in U.S. credit markets and said he was “partially” wrong to resist regulation of some securities.

Greenspan shocked at credit system breakdown | U.S. | Reuters

 

 

 

How can someone as smart as good old Alan be shocked? What’s to become of the rest of us who don’t have near as many braincells?

 

 

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