Bernie Sanders vigorously confronted Alan Greenspan on his flawed economic policies in 2003, 5 years before the Great Recession set in and Greenspan admitted to the Congressional Oversight Committee that he had been wrong for 40 years in his perceptions and the policies he had informed during his tenancy as Federal Reserve Chair.
Sanders told Greenspan that because he spent his social time in country clubs and cocktail parties, Greenspan had become so far removed from the lives of average citizens that he had no idea what their concerns and needs are. Women for Bernie Sanders offers the comment, “Bernie knew all along that it was a flawed ideology.”