But that still means that Greenspan was wrong. He said that no-one predicted this crash and this is clearly wrong. Even if the people that did predict it were

But that still means that Greenspan was wrong. He said that no-one predicted this crash and this is clearly wrong. Even if the people that did predict it were the kind of people that always predict recessions, they still should have caused a little bit of head scratching in the Fed and in the top banks and the rating agencies. Somebody could have actually done some simple arithmetic to determine whether the average person can afford the average house. I mean this is not difficult stuff.