Alan Greenspan 2005

"If Fannie and Freddie continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road. We are placing the total financial system of the future at a substantial risk.''............While Mr. Greenspan may indeed have been major clueless in certain respects, he kind of sounds omniscient here, doesn't he?