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Originally Posted by the
Sure, corporate officers can go to jail for malfeasance, it happens.
But in this case, I guess they can use the "Greenspan" defense.
After all, the Genius Alan Greenspan himself said in 2006 - "There is no housing bubble."
If that were really true, none of this problem would have happened. So if the Smartest Economist in the World said it was true, how could a poor banker be faulted for simply agreeing?
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Greenspan will be vilified in history for his role in this collapse.