Tag Archives: alan greenspan

The Great American Bank Robbery: The Unauthorized Report About What Really Caused the Great Recession

Paul Sperry published the book The Great American Bank Robbery: The Unauthorized Report About What Really Caused the Great Recession. Paul Sperry was on Dennis Prager’s radio show today. Dennis: A liberal says Wall Street deregulated and irresponsibly packaged irresponsible … Continue reading

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‘Busted: Life Inside The Great Mortgage Meltdown’ By Edmund L. Andrews

Check out the book on Amazon.com. Edmund L. Andrews writes that nobody duped him. He duped himself. He had covered all sorts of financial meltdowns as an economics reporter for the New York Times, but when he bought a home … Continue reading

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The Humbling Of Alan Greenspan

From the Arizona Republic: And how Greenspan’s aura of infallibility has fallen with him. “My question to you is simple,” asked Waxman of the former sage. “Were you wrong?” Was he wrong? Waxman wished to know whether Greenspan erred in … Continue reading

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Why Alan Greenspan Did Not Recognize The Housing Bubble

From alternet: That’s right, the former Maestro told Congress last week, when asked about the meltdown of the housing bubble and the resulting financial crisis, “we’re not smart enough as people. We just cannot see events that far in advance.” … Continue reading

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New Mortgage Rescue Plan

Pundits are still talking about last week’s Alan Greenspan and Sheila Bare testimony. Politicians want to jig up a new mortgage rescue plan. Anything to reduce foreclosures, which drag down home prices, which lead to more foreclosures. It’s a vicious … Continue reading

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Limited Options For Overcoming Financial Crisis

What can be done about our problems? Ban short selling? That creates its own problems. Greenspan’s historic role, particularly 1987, is to give us confidence we can overcome bad times. By falling on his sword, he’s trying to give us … Continue reading

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Beating Up On Alan Greenspan

Henry Waxman tore into the former Federal Reserve chief last Thursday. Waxman represents Beverly Hills. He acted with great theatricality before the TV cameras. Waxman is always prepared but he is a tough questioner. The Hartford Courant reports: Congressmen who … Continue reading

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Frustrated With Economic Forecasts

It is easy to bash economists for getting forecasts wrong, but what other group does better with its forecasts of how people will behave. From Canada: Toronto — Alan Greenspan’s statement that the best minds at the Federal Reserve – … Continue reading

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The Good News In The Recession

Liberal newspapers relish the prospect of more government regulation of the financial markets. They trust governments more than markets. They want governments to have more money and power. The Hartford Courant editorializes: Next to the breathtaking gyrations on domestic and … Continue reading

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Propping Up Alan Greenspan

The Bush administration has had an economic policy of tax cuts, deregulation, and massive government spending and deficits. Bush launched new government programs such as no child left behind and drugs for seniors. From SeattlePI.com: This isn’t Alan Greenspan’s first … Continue reading

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