How can we trust so-called "experts" in economics when they couldn't see

[Lou]

the subprime problem coming? I have a Bachelors in Economics and I spent most of my time in college getting drunk and partying. When I graduated in 2002, I got a job at a subprime lender based in Southern California (which is now out of business).

After a year and a half at the lender I quit due to my conscious and I also figured I wouldn't have a job in a couple of years. It doesn't take a genius to figure out that securities backed up by mortgages for people with spotty credit and employment on inflated home values was going to lead to something bad.

My question is how can we trust people like Ben Benanke and all these experts with Harvard and Wharton degrees when they could not see the obvious writing on the wall? I saw it coming and I graduated with a C average from a state school.
For those of you wondering, I did short subprime lenders in early 07 and made some decent money.