ClusterF@#CK to the Poor House - Revisited

I've been trying to form words to describe Alan Greenspan's stupidity with his "there's a flaw in the basic model of how the world works:"

I made a mistake in presuming that the self-interest of organizations, specifically banks and others, were such that they were best capable of protecting their own shareholders and the equity in the firm.

Mm. Right. You didn't think they'd get greedy, which is the even more basic model of how this world has ALWAYS worked. Gee, Mr. Greenspan. You honestly didn't see this coming?

Jon Stewart says it best: