Greenspan, Alan (1926–)

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ARTICLE (1)
REVIEW (1)
EVENTS (3)

7-9	January 2009 Notebook/Article By the rivers of Babylon By Lewis H. Lapham SEE ALSO: Greenspan, Alan; Capitalists and financiers; Financial crises; Privateering; Friedman, Thomas L.; Views on financial crisis; Work ethic PDF TEXT IMAGES

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Review

The chairman has left the building:

A new book about Alan Greenspan opts for access over insight

By Michael Thomas

SEE ALSO: Greenspan, Alan; Woodward, Bob; Career as chairman of U.S. Federal Reserve Board—Book reviews; Maestro: Greenspan's Fed and the American boom (Book); 1993-; Officials and employees; Portraits

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October 23, 2008	On the 79th anniversary of the stock market crash of 1929, the Dow fell 312.3 points, closing below 8400. Chrysler announced that it would cut 25 percent of its salaried jobs, OPEC said that it was cutting oil production by 1.5 million barrels a day, and former Federal Reserve chairman Alan Greenspan declared that financial markets were engulfed in a “once-in-a-century credit tsunami” and admitted that he had “found a flaw” in his free-market ideology. “I don't know how significant or permanent it is,” he said of his mistake. “But I've been very distressed by that fact.”	Weekly Review By Claire Gutierrez Source 1: The New York Daily News Source 2: The New York Daily News Source 3: The New York Daily News Source 4: MSNBC Source 5: New York Times
March 30, 2008	McCain asked mortgage lenders to provide voluntary aid to homeowners, recalling that General Motors had offered no-interest car financing after September 11. Senator Hillary Clinton suggested consulting former Federal Reserve Chairman Alan Greenspan. While Clinton conceded that Greenspan helped cause the current crisis, she claimed that he has a “calming influence” on Wall Street. “Don't ask me why,” she said, “because I never understand what he's saying.” Senator Barack Obama gave a stirring speech, invoking the history of American finance from Hamilton and Jefferson to the present day, and Treasury Secretary Henry M. Paulson, Jr. proposed the largest reform of the American financial system since the Great Depression.	Weekly Review By Sam Stark Source 1: LAT Source 2: LAT Source 3: NYT Source 4: WP Source 5: Attytood Source 6: NYT Source 7: Boston Globe Source 8: WP Source 9: WSJ Source 10: Businessweek via Der Spiegel Source 11: NYT Source 12: WP
September 16, 2007	A new British poll estimated that 1.2 million people had died so far in the war, and former Federal Reserve chairman Alan Greenspan wished that politicians would admit that the war was “largely about oil.”	Weekly Review By Sam Stark Source 1: Times Source 2: Guardian

June 2012

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On the road, a Life real and Imagined
By Clancy Martin

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