ITWASSOOTED: “remote possibility”

Wednesday, March 18, 2009

“remote possibility”

In an address to the Council of Foreign Relations on November 19, 2002, on the topic of derivatives, he admitted that there was a “remote possibility” that they could cause a chain reaction that would culminate in a financial implosion.

Even more worrisome in a speech Greenspan gave to bankers in May 2000, he admitted that: “The rapid growth and increasing importance of derivative instruments…has been a particular concern.”

Yet Greenspan still allowed the bubble to grow unchecked until he bowed out of his office in 2006.

dewds i'm telling you they knew what was going to hgappen, get yer popcorn and stay tuned

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