Alan Greenspin Finally Writes His CYA Memoir
Alan Greenspan was, for a time, one of the more favorably looked-upon Chairmen of the Federal Reserve, an organization only seen as through a glass, darkly. We humans have an imperfect perception of reality and a tendency to make our own when it suits us, particularly at the end of long and contentious lives.
Alan Greenspan was, for a time, one of the more favorably looked-upon Chairmen of the Federal Reserve, an organization only seen as through a glass, darkly. We humans have an imperfect perception of reality and a tendency to make our own when it suits us, particularly at the end of long and contentious lives.
Presiding over the aftermath of a dot-com bubble he failed to recognize, he retired just before the housing bubble burst, thus avoiding bubble-gum all over his face and yet another blemish to the old career happening on his watch. Not everyone saw the dot-com mess. On the other hand, everyone saw the housing bubble and the greed of a sub-prime feeding frenzy but Alan, who esse…