Statistically better than a monkey with a coinBy Raj <http://rajpatel.org/author/raj/> on 04/19/2010 in Uncategorized <http://rajpatel.org/category/uncategorized/> On 7th April, Alan Greenspan appeared before the Financial Crisis Inquiry Commission <http://fcic.gov/hearings/04-07-2010.php> , to explain what happened. He testified <http://www.c-span.org/Watch/Media/2010/04/07/HP/R/31519/Citigroup+execu\ tives+we+warned+about+mortgage+risk.aspx> that he "was right 70% of the time and wrong 30% of the time." That's great. He spends 70% of his day asleep, eating, pooping, and commuting. It's hard to screw these things up. Which suggests that the screw-uppy 30% was limited to those parts of the day when he was sitting in front of a desk making monetary policy.
http://tinyurl.com/y27fhd8
