A few months ago I found myself at a meeting of economists and finance officials, discussing — what else? — the crisis. There was a lot of soul-searching going on. One senior policy maker asked, "Why didn’t we see this coming?"
There was, of course, only one thing to say in reply, so I said it: "What do you mean ‘we,’ white man?"
Another wise man who predicted this was Thom Hartmann, though he hasn't been given proper credit for it. When I first signed up for satellite radio in January of 2006 and began to listen to Hartmann's show, he was all over this issue.