Topic: Alan Greenspan

Bernanke: all but one major firm at risk in 2008

WASHINGTON (Reuters) - Twelve of the 13 most important U.S. financial firms were at the brink of failure at the height of the credit crisis in 2008, according to previously undisclosed remarks made by Federal Reserve Chairman Ben Bernanke in November 2009 ...

Divided crisis panel blames Greenspan, Wall Street

WASHINGTON (Reuters) - A deeply divided U.S. investigative panel issued a scathing critique of the culture of deregulation championed by Former Federal Reserve Chairman Alan Greenspan, saying the government had ample power to avert the financial crisis of 2007-2009 and chose not ...
Matt Taibbi is a very impressive writer - excellent observer of reality and a bit of a comic; I just wish he was a bit less profane. ($50 million fine) Another moral failure was working with John Paulson to sell his $1 ...
Matt Taibbi is a very impressive writer - excellent observer of reality and a bit of a comic; I just wish he was a bit less profane. ($50 million fine) Another moral failure was working with John Paulson to sell his $1 ...

Should we trust economists?

What fools these economists must take us for! The Austrian economists', for example, had been arguing since 2003 that the Federal Reserve (America's central bank) was inadvertently creating the conditions for a severe recession. Hence, we are unlikely to see politicians blame ...

Who Saw it Coming?

According to the Nova Documentary "Mind Over Money" very few people saw the Great Recession coming, in spite of sophisticated economic formulas and advanced technology. Brian Knutsen, Associate Professor of Psychology and Neuroscience of Stanford University conducts research on human emotions using ...

How The Federal Reserve Was Formed

The Federal Reserve is widely considered to be one of the most important financial institutions in the world. Life Before the Federal Reserve The United States was considerably more unstable financially before the creation of the Federal Reserve. The Federal Reserve was ...

What Is Infectious Greed?

Infectious greed is a concept first discussed by Alan Greenspan, then chairman of the Federal Reserve Bank of the United States, in 2002 testimony before Congress about breakdowns in the financial regulatory system, including breakdowns in self-regulation by members of the financial ...

Another Strike Against a Gold Standard

As the gold price moves to all-time highs, it's useful to revisit the debate over the usefulness of a gold standard. The gold standard was a key factor behind the Great Depression, but why did it produce such an intense worldwide deflation ...
Former Fed Chairman Alan Greenspan was on Meet the Press yesterday and he shared a few sobering thoughts about the US economic recovery and what might lie ahead for the two markets that have been relative nonparticipants in that recovery - the ...
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