Greenspan Says Nobody Forecast the 2008 Financial Crisis

The transcript discusses the criticism Alan Greenspan faced for not anticipating the 2008 financial crisis. It highlights that major institutions like the IMF and Federal Reserve also failed to predict the crisis. The speaker reflects on their term as Federal Reserve chair, stating they wouldn't have done anything differently despite the events that unfolded.

Why did some people blame Alan Greenspan for the financial crisis?

• He ignored warnings from other economists.

• He caused the crisis through his policies.

• He was directly involved in the crisis.

• He failed to predict the crisis.

What was Alan Greenspan's reaction to the criticism he received?

• He expected the criticism.

• He thought the criticism was fair.

• He ignored the criticism.

• He was surprised by the criticism.

Which major institutions failed to predict the 2008 financial crisis?

• World Bank and IMF

• Bank of England and World Bank

• Federal Reserve and IMF

• European Central Bank and Federal Reserve

What was surprising about the 2008 financial crisis according to the transcript?

• Its occurrence was a surprise.

• Its impact was minimal.

• It was predicted by many.

• It was expected by everyone.

Did Alan Greenspan express any regrets about his actions during his term as Federal Reserve chair?

• No, he was unaware of any changes he would make.

• No, he believed he did everything perfectly.

• Yes, he wished he had acted differently.

• Yes, he had many regrets.