Reality Check wrote:Greenspan was obviously attacking the man for the purpose of discrediting him, not because Greenspan believed that no one could have predicted the crisis.
The myth that Greenspan and his like want to preserve is that the requisite knowledge only exists within the inner sanctums. We've written about this before somewhere and I'll try to find it.
Reality Check wrote:How much money did he lose and over what period of time?
The impression I got from reading the details was that he lost about 50% over a period of 18 months to two years. It's been a few years since I read about it though.
Another thing I'd mention is that he's been buying farmland and gold. He may well be right in the long run, but I saw no indication he sold out at the peak last year.