The Most Ridiculous Excuse Ever: "No One Saw The Crisis Coming" (Tech Ticker)

Tech/Ticker
So for folks like Bob Rubin (former Treasury Secretary and Citi advisor) and Alan Greenspan (former Fed Chair) to suggest that the financial crisis was impossible to foresee is disingenuous. The particulars of the crisis--the when, what, and how--might have been impossible to foresee. But the idea that, someday, there might be a day of reckoning, and that this day of reckoning might catch people by surprise, is as basic as economic and market forecasting gets.

Ken Posner, a former financial-services analyst at Morgan Stanley and author of Stalking The Black Swan, says that what people need to do is prepare themselves for such crises and behave as though they might occur anytime. He also says that, when the crises do occur, people in power need to learn to see them faster--and react accordingly.

Robert "Ransack" Rubin pulled in a cool $126 million in cash and stock during his 8 year stint with Citigroup. The fleecing of America continues and in the words of Steve Urkel, "Did I do that"?