Where was this guy for the past 20 years?
Greenspan's been a disaster since he got the job, back in 1987.
* * * * * J B K * * * * *
San Francisco
April 5 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan should have foreseen the collapse of the U.S. housing market and warned the public, one of the most prominent bettors against the subprime market wrote in a New York Times commentary yesterday.
"He should have seen what was coming and offered a sober, apolitical warning," Michael Burry, who was head of Scion Capital LLC, wrote in the Times. "Everyone would have listened; when he talked about the economy, the world hung on every single word."
"Unfortunately, he did not give good advice," Burry said. In 2005, "Mr. Greenspan trumpeted the expansion of the subprime mortgage market" at a time when "the tide was about to turn," Burry wrote.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZzzeaYVIPME&pos=7
