Prescience

Even if I do not have a magic mirror to look back across the decades, I am sure it does not take great erudition to declare the following:

Forbes magazine President and CEO Steve Forbes called Treasury Secretary Henry Paulson “the worst treasury secretary we’ve had in modern times”, citing, among other things, the government’s handling of the housing crisis.

And they are planning on bailing out Citi tomorrow. If prescience is anything, Peter Schiff had it right quite some time back. The scary scenario is that he does not project a very reassuring future ahead... (via The Dish).