| 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.”
| 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.
| 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.”
| Source 1:
Times
Source 2:
Guardian
|
PDF
TEXT
IMAGES
