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Alan Greenspan

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If you read anything this year, read this. It is an article by Bill Black, a former financial regulator, that provides stunning new insights into former Fed chairman Alan Greenspan’s incompetence. Posted at the website Naked Capitalism, the article makes dozens of devastating points which have hitherto received little or no attention in the mainstream... Read More
He Dissembles, He Fingerpoints, He Passes the Buck ...
Alan Greenspan put in another Oscar winning performance before the Financial Crisis Inquiry Commission on Wednesday. The ex-Fed chairman showcased the full-range of his abilities. He was alternately condescending, professorial, combative, engaging, and acerbic. It was vintage Greenspan with all that entails; the tedious jabber, the crusty rejoinders, the endless excuse-making. At 80, Maestro still... Read More
Haunting the Brookings Institute
Alan Greenspan is back, scheduled to appear at the Brookings Institute Friday to deliver a 48-page explanation of why his low interest rates and regulatory neglect did not cause the financial meltdown. The contents of the ex-Fed chief's apologia have already been released to the press. It's just more finger-pointing and buck-passing; 48 pages of... Read More
Why They Should be Indicted
Is there enough evidence to indict Ben Bernanke and Alan Greenspan on charges that they aided and abetted the banks and other financial institutions in the sale of fraudulent loans to investors? That depends on whether there is sufficient proof to show whether the two men KNEW that the nation's lenders were engaged in large-scale... Read More
Debt, Unemployment, Privatization and War
No one has done more to ensure the ultimate demise of the American middle class than Alan Greenspan. No one. In the stately pantheon of class-warriors, Greenspan's spectral-image looms larger than any other; the foremost proponent of hardnosed social-Darwinism and exclusionary economics. Even his carpet-bagging consort, G.W. Bush, pales in comparison. In just under 5... Read More
Pop Goes the Weasel
It's strange that Alan Greenspan hasn't been blamed for the housing bubble. After all, he set the "easy money" policies that put the whole thing in motion and he's the one who should be held responsible when it goes up in smoke. Let me explain. Most people expect the Federal Reserve to lower rates when... Read More
Greenspan's Hammer
Last Thursday's press conference was pure Greenspan. The shriveled Fed-master used his trip to Germany to deliver the roundhouse punch that many had expected for two years. He "warned that the deficit in US trade with the rest of the world could not be sustained indefinitely."(BBC) Really? Does anyone seriously believe that this "road to... Read More
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