They are just getting underway over at the FCIC (Financial Crisis Inquiry Commission) on the first day of a three-day hearing on subprime lending and mortgage securitization. Up first is witness #1 – former Fed chairman Alan Greenspan shown below being sworn in.

Today’s session is being broadcast live on C-SPAN2 and, sadly, after just a few minutes of the former Fed chairman’s opening statement, it appears as though we’re about to see revisionist history on a scale perhaps never witnessed before by mankind (Note: Greenspan’s prepared remarks are available here(.pdf)).