Greenspan's comments on the Housing Bubble he funded:
"Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity (myself especially) are in a state of shocked disbelief."
Janet Yellen's job interview:
“For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened.”
Congress: "When can you start?"
If you bankrupt hundreds you go to jail, if you bankrupt millions you become a financial advisor to AC360 and Joe Kernen...
ZH: Sept. 16, 2016
On This Day In 1929, The Market Hit Its All Time High
Subsequently stocks lost 90% of value and took 25 years until 1955 to recover.
In this cycle, excitement over Brexit retested the upper trend line to reach a new all time highest high...
It was much ado about nothing...
Taken back quickly
No one knows why they got so excited about the pending dissolution of the EU...
Even the Brits didn't know
The rest of the world was not invited...
Everyone was in denial...
As usual...
"I didn’t see any of that coming until it happened.”
