Greenspan

Taking Hard New Look at a Greenspan Legacy

Laglagan (Free subscription) | yesterday

http://www.nytimes.com/2008/10/09/business/economy/09greenspan.html'_r=1&hp&oref=slogin

Alan Greenspan Has Written His Own Epitaph

RssDaily (Free subscription) | yesterday

By Joseph A. Palermo The Huffington Post In a superb front-page article in today's New York Times, "Taking a Hard Look at a Greenspan Legacy," Peter S. Goodman treats his readers to a banquet of former Federal Reserve Chairman Alan Greenspan's oracular pronouncements in favor of deregulating derivative markets -- Yes, those unregulated, absurdly inflated "swaps" and other exotic debt...

Greenspan sees 1st half 2009 U.S. housing recovery

Reuters (Free subscription) | yesterday

NEW YORK (Reuters) - Former Federal Reserve chairman Alan Greenspan said the U.S. housing market will begin to recover in the first half of 2009, according to an article he wrote for Emerging Markets magazine published on Friday.

• Money market stress seen lingering until 2010 - Reuters UK

How Alan Greenspan Created the Train Wrecked Economy

BlondeSense (Free subscription) | yesterday

If you only read one story this week about the financial crisis, read Peter Goodman's extraordinary take down of Alan Greenspan in yesterday's New York Times. Among the highlights: • While Warren Buffett and and Felix Rohatyn were calling derivatives "financial weapons of mass destruction" and potential "hydrogen bombs", Greenspan was collaborating with Robert Rubin and Larry Summers...

• How Alan Greenspan Wrecked The Economy - Radar

Hard New Look at Greenspan Legacy (NYT)

Dollars & Sense blog (Free subscription) | 10/09/2008

From today's New York Times , an interesting piece about Alan Greenspan's attitude toward derivatives. By PETER S. GOODMAN Published: October 8, 2008 “Not only have individual financial institutions become less vulnerable to shocks from underlying risk factors, but also the financial system as a whole has become more resilient.” —Alan Greenspan in 2004 George Soros, the prominent financier,...

Former US Fed chief Greenspan sees turning point in finance crisis

The Earth Times Online Newspaper (Free subscription) | yesterday

London - Former chairman of the US Federal Reserve Alan Greenspan said on Friday that he sees a turning point in the current financial crisis, with the troubled US housing market recovering in the first half of 2009. Writing in Emerging Markets, a Br...

More hits to the Greenspan legacy

The Mess That Greenspan Made (Free subscription) | 10/09/2008

Former Fed Chairman Alan Greenspan gets both barrels from a big shotgun on the East Coast today with scathing commentaries in the New York Times and at Bloomberg, this photo from the Times piece harkening back to an era when "The Maestro" could do no wrong. Now that the bursting housing bubble and imploding derivatives market have settled into a steady-state of extreme panic, it seems that more...

Greenspan pegs housing recovery to early 2009

MSNBC.com (Free subscription) | yesterday

Former Federal Reserve chairman Alan Greenspan said the U.S. housing market will begin to recover in the first half of 2009, according to an article he wrote for Emerging Markets magazine published on Friday.

Was Alan Greenspan Really Just Another Sarah Palin, Without the Lipstick?

The Satirical Political Report (Free subscription) | yesterday

THE TRUE GIBBERISH CZAR “DOGGONE IT, YOU BETCHA’ THAT BY FOLLOWING THE AYN RAND LIBERTARIAN PHILOSOPHY, AND COMPLETELY ABANDONING ANY REASONABLE REGULATIONS OF THE DERIVATIVES MARKET, WE CAN COUNT ON WALL STREET TO POLICE ITSELF…. IN OTHER WORDS, I CAN SEE MARKET STABILITY FROM MY BATHTUB.” The New York Times with the story.

The Reckoning - Taking Hard New Look at a Greenspan Legacy - Series - NYTimes.com

DavidUsher (Free subscription) | yesterday

Finally someone is taking a hard look at Greenspan's role in the present fiscal crisis. He was nearly canonized during the many years he was running the Federal Reserve and it now seems he may have been a BIG part of the crisis we are now enduring.

Taking Hard New Look at a Greenspan Legacy

Vox Verax (Free subscription) | 10/09/2008

By PETER S. GOODMAN NYT “Not only have individual financial institutions become less vulnerable to shocks from underlying risk factors, but also the financial system as a whole has become more resilient.” — Alan Greenspan, former Federal Reserve chairman, 2004 George Soros, the prominent financier, avoids using the financial contracts known as derivatives “because we don’t really understand...

Taking a Hard New Look at the Greenspan Legacy

Truth Out (Free subscription) | 10/09/2008

"Not only have individual financial institutions become less vulnerable to shocks from underlying risk factors, but also the financial system as a whole has become more resilient." - Alan Greenspan in 2004 read more

• Taking hard look at a Greenspan legacy - International Herald Tribune
• The Reckoning: Taking Hard New Look at a Greenspan Legacy - New York Times
• See the 11 articles on the same subject

Taking a hard (albeit belated) look at Greenspan

Later On (Free subscription) | 10/09/2008

Fascinating article. It turns out that Greenspan was making his recommendations based on his assumption that people were free of vices such as greed. Apparently, he would be an ideal Federal Reserve Chairman for a country populated by angels. But in the real world, things are a little more messy, and he couldn’t deal with [...]

Greenspan-bashing goes mainstream

Politics in the Zeros (Free subscription) | 10/09/2008

Finally We continue to see the wreckage caused by Greenspan’s no-regulations, cheap money, extreme right-wing Ayn Rand philosophy. I remember being at a client, a precious metals dealer, during the peak of his regime, and being baffled at why the traders treated his deliberately indecipherable pronouncements with such awe. He was then, and remains, an extremist [...]

How Alan Greenspan Wrecked The Economy

Radar (Free subscription) | 10/09/2008

We mentioned it this morning, but it bears repeating: If you only read one story this week about the financial crisis, read Peter Goodman's extraordinary takedown of Alan Greenspan in today's New York Times. Among the highlights: • While Warren