by Calculated Risk on 9/24/2008 05:27:00 PM

[I]sn’t it bizarre to have officials who miscalled so much ... confidently declaring that they know better than the market what a broad class of securities is worth?
Professor Krugman, Sept 24, 2008

Here are clips of Paulson, Bernanke, Bush and presidential economic advisor Edward Lazear from 2007: