Greenspan Didn’t Want Transparency Muddying Housing Bubble Debate

"Alan Greenspan has once more managed to demonstrate how often hubris and foolishness go hand in hand. In 2004 the Fed was debating the existence of a housing bubble and what the implications were. You would think that they would want a free and open discussion involving America's brightest minds. Who needs to do that though when you think you are smarter than everyone else?"