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Figures are payments made to American banking bosses in 2006, the “bubble” year. They include annual salary, cash bonuses, share and stock options. Full Article at Guardian Unlimited
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Bankruptcy for any organization comes when it can not pay its debts with the assets it has. If this is the situation then the organization will go bankrupt. Governments are no exception to this. Full Article at Associated Content
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David Gardner called it. He’s up 1,334%! See what David’s recommending that you buy NEXT. Full Article at Motley Fool
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Breaking up is hard to do? (AP Photo/Michael Probst) Former Fed chairmen Paul Volcker and Alan Greenspan are part of a growing chorus in Washington saying the government should consider breaking up enormous banks. Full Article at The Week
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You can view this video right here by getting the latest version of Flash Player! MSNBC's Dylan Ratigan talks to Rep. Alan Grayson about the amendment passed by the House Financial Services Committee to allow an independent audit of the Federal Reserve. Full Article at Crooks and Liars
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A priest in the Russian Orthodox Church was shot and killed in his parish church in Moscow on Thursday night. The Rev. Full Article at Gates of Vienna
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By Sudeep Reddy WASHINGTON -- The Federal Reserve's strategy to fend off a barrage of attacks from Congress, largely centered on low-key diplomacy by Chairman Ben Bernanke, isn't succeeding.Many Democrats and Republicans praise Mr. Bernanke for candor... Full Article at Wall Street Journal
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The secretive Federal Reserve, former lair of "masters of the universe" like Alan Greenspan and Tim Geithner and current engine of a Wall-Street-first, Main-Street-last "recovery," is being set up by the Obama administration and Congressional leaders... Full Article at The Nation
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Economics / Recession 2008 - 2010 Nov 20, 2009 - 02:46 AM What's a central banker to do? Full Article at The Market Oracle
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She suggested a Financial Product Safety Commission in a 2007 article in the magazine Democracy. President Barack Obama proposed it to Congress in June as the Consumer Financial Protection Agency. Full Article at A Tiny Revolution
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"No legal tender law is ever needed to make men take good money; its only use is to make them take bad money." Full Article at The Market Oracle
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As a rule we favour capitalism in an expansion and socialism in a contraction. -- George Cooper "You know we need to de-addict," she said, late one night as I finished reading and was about to call it a day. "De-addict? Full Article at DNA India
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In 1964 the USGovt introduced the zinc dimes clad with silver. They at least admitted the debauchery publicly. Now pre-1964 silver coins are all considered different, and valued differently too, higher. Full Article at The Market Oracle
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I don't know when global oil supplies will start to decline. I do know that another resource has already peaked and gone into free fall: the credibility of the body that's meant to assess them. Full Article at Mail & Guardian Online
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Former Federal Reserve Chairman Alan Greenspan was hauled before a Congressional Committee last year to explain why he had been blindsided by the global financial cataclysm. To his credit, he (...) This is just the beginning of the article. Full Article at Commonweal
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Translation of the article for the International Precious Metals & Commodities Fair in Munich, November 6 through 7, 2009 Since August 5, 1993 there has been systematic intervention in the gold market by American financial institutes with the objective... Full Article at The Market Oracle
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It's 2005 and America is booming. House prices are up, unemployment is down, growth is strong. Alan Greenspan is at the controls and all is right with the world. Full Article at Guardian Unlimited
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John S. Reed, who headed Citicorp for 14 years before the 1998 merger with Sanford "Sandy" Weill's Travelers Group Inc. that created Citigroup, last week apologized for his role in creating the company. Full Article at Baltimore City Paper
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There is no dispute about what happened in USA over the past few years: 1: There was a Tech Bubble – It popped (that caused economic damage). 2: There was a Housing Bubble – It popped (that caused economic damage) If you go with my definition of what a... Full Article at The Market Oracle
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When it comes to Lay’s potato chips, the saying goes, you can’t eat just one. And when it comes to the interest rate and financial markets, I just can’t focus on one thing this week. There’s just too much going on. Full Article at The Market Oracle
About Alan Greenspan
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Reuters Pictures
David Leonhardt (2nd R) of the New York Times listens as former Federal Reserve Chairman Alan Greenspan (R) answers a question at the Newseum in Washington, October 2, 2009.
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WASHINGTON - MAY 12: Former Chairman of the Federal Reserve Board Alan Greenspan speaks to attendees of a real estate summit hosted by the National Association of Realtors on May 12, 2009 in Washington, DC.
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WASHINGTON - MAY 12: Former Chairman of the Federal Reserve Board Alan Greenspan speaks to attendees of a real estate summit hosted by the National Association of Realtors on May 12, 2009 in Washington, DC.
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WASHINGTON - MAY 12: Former Chairman of the Federal Reserve Board Alan Greenspan speaks to attendees of a real estate summit hosted by the National Association of Realtors on May 12, 2009 in Washington, DC.
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WASHINGTON - MAY 12: Former Chairman of the Federal Reserve Board Alan Greenspan speaks to attendees of a real estate summit hosted by the National Association of Realtors on May 12, 2009 in Washington, DC.
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WASHINGTON - MAY 12: Former Chairman of the Federal Reserve Board Alan Greenspan speaks to attendees of a real estate summit hosted by the National Association of Realtors on May 12, 2009 in Washington, DC.
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WASHINGTON - MAY 12: Former Chairman of the Federal Reserve Board Alan Greenspan speaks to attendees of a real estate summit hosted by the National Association of Realtors on May 12, 2009 in Washington, DC.
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WASHINGTON - MAY 12: Former Chairman of the Federal Reserve Board Alan Greenspan speaks to attendees of a real estate summit hosted by the National Association of Realtors on May 12, 2009 in Washington, DC.
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WASHINGTON - MAY 12: Former Chairman of the Federal Reserve Board Alan Greenspan speaks to attendees of a real estate summit hosted by the National Association of Realtors on May 12, 2009 in Washington, DC.
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WASHINGTON - MAY 12: Former Chairman of the Federal Reserve Board Alan Greenspan speaks to attendees of a real estate summit hosted by the National Association of Realtors on May 12, 2009 in Washington, DC.
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CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan addresses the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
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CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan addresses the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
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CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan addresses the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
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CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan takes questions following a speech to the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
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CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan addresses the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
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CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan addresses the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
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CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan addresses the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
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CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan addresses the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
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CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan takes questions following a speech to the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
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Getty Images
CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan takes questions following a speech to the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
View Photo » -
Getty Images
CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan addresses the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
View Photo » -
Getty Images
CHICAGO - APRIL 08: Former Chairman of the Federal Reserve Board of Governors Alan Greenspan takes questions following a speech to the annual Healthcare Information and Management Systems Society conference at McCormick Place April 8, 2009 in Chicago, Illinois.
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Reuters Pictures
Then-U.S. President George W. Bush (R) awards his Presidential Medal of Freedom to long-term radio commentator Paul Harvey as fellow awardees, former Chairman of the Federal Reserve Alan Greenspan (L) and actor Andy Griffith (2nd L) look on at a ceremony in the East Room of the White Ho...
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WASHINGTON - JANUARY 08: Alan Greenspan, former chairman of the Federal Reserve, poses on the red carpet upon arrival at a salute to FOX News Channel's Brit Hume on January 8, 2009 in Washington, DC. Hume was honored for his 35 years in journalism.
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AP Photo
This image provided by the Ronald Reagan Presidential Library shows, former Federal Reserve Board Chairman Alan Greenspan, left, Nancy Reagan and NBC News' Andrea Mitchell posing at the library Monday, Dec. 8, 2008 in Simi Valley, Calif.
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WASHINGTON - MAY 12: Former Chairman of the Federal Reserve Board Alan Greenspan speaks to attendees of a real estate summit hosted by the National Association of Realtors on May 12, 2009 in Washington, DC.
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I have always been a great supporter of Winston Churchill's statement about the United States ... The United States can be counted on to do the right thing, after having tried all other conceivable alternatives.
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On December 5, 1996, nearly 13 years ago, Alan Greenspan, the then chairman of the Federal Reserve, the central bank of the US, made a speech.
SOURCE: DNA India -
I have always been a great supporter of Winston Churchill's statement about the United States
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Former Federal Reserve Chairman Alan Greenspan said a rebound in stocks is 're-liquifying' the U.S. economy and housing prices are showing early indications of ending their decline. 'We have been very fortunate that the stock markets moved back' and are 're-liquifying the whole process,' Greenspan said....
SOURCE: Safehaven -
The crisis will happen again but it will... A keystone of Obama's Wall Street reform agenda is getting support from the unlikeliest of corners. Alan Greenspan, an acolyte of Ayn Rand and extreme... The odds are that we flatten out, even though earnings are doing very well
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Born faced a formidable struggle pushing for regulation at a time when the stock market was booming ... Alan Greenspan was the maestro, and both parties in Washington were united in a belief that the markets would take care of themselves.
SOURCE: ETF Investor -
The crisis will happen again but it will... A keystone of Obama's Wall Street reform agenda is getting support from the unlikeliest of corners. Alan Greenspan, an acolyte of Ayn Rand and extreme... The odds are that we flatten out, even though earnings are doing very well
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A quick example: one of Rand's most ardent students, Alan Greenspan, who headed the Federal Reserve for years and said that all his economic knowledge - all of it - came from Rand, is now regarded as one of the major miscreants of the current worldwide economic malaise.
SOURCE: Butterflies and Wheels -
Economics, Necrophilia, and Unholy Offspring: How I Humped Ayn Rand’s Corpse Until a Depression Fell Out of It
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If you believe that markets operate in Alan Greenspan fashion, then you don't inquire into the details
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You have to give credit to Ben Bernanke and Alan Greenspan
SOURCE: The Market Oracle -
Ritholtz finds two main villains behind the current crisis: former Federal Reserve Chairman Alan Greenspan and former President George W. Bush.
SOURCE: The Big Picture -
A bill to overhaul the nation's ailing health care system must avoid additional spending now, and also lower costs down the road, former Federal Reserve Chairman Alan Greenspan said Sunday
SOURCE: Medical News Today -
Yes, my first term has been remarkably successful and I have former Fed chairman Alan Greenspan to thank. I feel like I've not even come close to filling his shoes
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I had the most interaction with [Paul] Volcker. He was more personable and smarter than the others, including the more recent board chairmen Alan Greenspan and Ben Bernanke
SOURCE: The Market Oracle
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