Washington’s Blog
March 31, 2010

Greenspan says that the financial crisis was caused by a once-in-100-year event.

Tim Geithner says its more like once every 40 years.

Jamie Dimon implies every 5-7 years.

But Simon Johnson says its really once every 5 years:


Would the American people stand for the lack of any real reform if they knew that the financial system will likely melt down again within the next 5 years?

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