I'm Proud of that D minus
So, former Fed Chairman, Alan Greenspan, said today that, although he made mistakes during his tenure, he was right "70% of the time". 70%! That equates to barely a passing grade in school terms! That's like the dumbest kid in class status! This is the guy who was supposed to be the "Smartest Man in the Room". And he's excusing his behavior by saying, 'well...at least I didn't get an F'.
Now, I'm not one to put this whole mess on Greenspan's shoulders. He didn't help matters, but there's lots of blame to pass around. But to put up a defense of "I was right 70% of the time"? Are you serious? Hey, Greenspan...how'd you like to go visit a doctor who brags "but look at the 70% of my patients that I DIDN'T kill"? How's about you put your life savings with a money manager who say "sure I lost 30% of your wealth...but what about the 70% I DIDN'T lose"? How's about you hire a general contractor who's sure to get 70% of your house built correctly?
Keep bragging on that D- there Alan...heck, go hang it on the fridge.