He’s wrong on so many counts it’s frightening.
He was wrong to think the subprime problem could be contained. He’s wrong to believe (if it’s what he really believes) that the subprime problem was a cause for what we’re experienceing (as opposed to just a symptom of a more serious underlying condition). He’s wrong on what can be solved and how to solve it.
He’s one of the most expert students of what went wrong during the Great Depression, so he won’t make the same mistakes they did in the 20’s & 30’s. He wants to make his own creative mistakes.
“Experts” always draw high salaries, wear nice suits, act smarmy and superior and then when it all blows up they just say, “How was I supposed to know?” And people fall for it over and over again. Like they say - the most important factor in the success of a “raindance” is timing.