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Alan Greenspan former chairman of the US Federal Reserve Board, a position touted as one of the most powerful unelected offices in the world, in a hearing before Rep. Henry Waxman`s House Committee on Oversight and Government Reform said he got it wrong in answer to questions about his role in the recent financial meltdown. His extremely mobile face deadpanned that his economic models, which he had relied on for 40 years, were wrong. He did not apologize; it was merely a statement of fact that portrayed no irrational exuberance. He gave no hint of concern about the massive damage his reliance on the models had done. Huge losses of money among those who exploited the situation his models allowed, garnered no sympathy. However, the dashing of hope at the bottom of the economic pyramid, the disaster of losing one`s home or job, the stress created by worrying about losing either, and a myriad other such stories in the US and across the world appeared to be dismissed with a wave of the ...