...whether the US is now stuck with irrational pessimism. New York - Twelve years ago tomorrow, Federal Reserve Board chairman Alan Greenspan famously chalked up the boom in stock markets to "irrational exuberance." Now, with the US stuck in one of the worst...
...creatures, derivatives, needed to be regulated. But the big boys back then--Treasury Secretary Robert Rubin, Fed Chairman Alan Greenspan, SEC Chief Arthur Levitt--all insisted that she was wrong, that the magic of the marketplace was regulator enough. Ultimately...
...us; predatory lenders sold us loans we couldnât afford; the Securities and Exchange Commission fell asleep at the switch; Alan Greenspan kept interest rates low for too long; short-sellers spread negative rumors; âexpertsâ gave us bad advice. More-introspective...
...essentially redrafts the social contract. This will meant that many aspects of conventional wisdom will be overturned. Alan Greenspan doesn't apologize everyday. We should not gloss over his recognize that the free market is not able to police itself. For...
...had pushed it up and up. Do people remember the newspaper headlines every so often between 1987 and 2007? Specially the "Alan Greenspan saves the world" stories? Ever wondered what the great Alan Greenspan, Chairman of the Federal Reserve, had actually...
...recommending restoration of the Glass-Steagall Act, repealed in 1999 with the sage sponsorship of Phil Gramm, Robert Rubin and Alan Greenspan. Thatâs the kind of âbipartisanshipâ the business community loves. Glass-Steagall, for nearly 70 years, prevented...
...for pushing affordable housing. Millions of borrowers are to blame for biting off more than they could chew. George Bush and Alan Greenspan are to blame for being asleep at the wheel when lending went bonkers. Hell, I'm to blame for failing to see that the...
...U.S. was still climbing out of a period of economic stagnation. The economist said he looked at the rising price of scrap metal as one of the most reliable measures of an improving economy. You may have heard of the economist. His name is Alan Greenspan....
...but very real battle between the two parties over the black vote? John McCain is not the only one choosing to stifle himself. Alan Greenspan, testifying about the subprime mortgage crisis before the House Committee on Oversight and Government Reform on October...
...mistaken Keynesian belief that debt is healthy have put us in the state we are in today. We listened to the wrong people, Alan Greenspan, et al., and have not called Christopher Dodd, Barney Frank and others in Congress to account for their oversight failures....