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  • Alan Greenspan

    Revisionist History: Absolving Fannie Mae and Freddie Mac

    A newly released book, The Mortgage Wars, aims to rewrite history and absolve Fannie Mae and Freddie Mac of having any part in the financial crisis. Written by former Fannie Mae Vice Chairman and CFO Tim Howard, the book blames the crisis on Alan Greenspan and Larry Summers. According to … More

    Fear - of Greenspan

    If economic sages were judged the same way major league baseball hitters are, Alan Greenspan hitting .333 would deserve the attention he garners. In recent months the former Federal Reserve Board Chairman struck out badly twice on what in economic terms could be considered batting-practice fastballs. But in today’s at-bat, … More

    Greenspan’s Latest Mistake: Tax Hikes

    The recent global financial panic and recession had many authors. Millions of individuals and businesses made bad decisions about investing and debt. Scores of big shots like Dick Fuld, former CEO of now defunct Lehman Brothers, gambled big and lost bigger. And then there were those few who were in … More

    Greenspan’s Economics Trips on His Naïve Politics, Again

    Alan Greenspan recently gave a Bloomberg News interview with Judy Woodruff. His agenda was redemption. Hers was politics. She got what she wanted. In the course of the interview, Greenspan acknowledged the economy was slowing, a more modest appraisal than that recently signaled by his former colleagues at the Fed … More

    Greenspan: Time to Hit the Brakes on Federal Spending

    Many Americans mistake the United States’ capability to borrow money as an indicator that our nation is incapable of incurring the same fiscal mess Greece currently finds itself in.  In reality, this isn’t so, and this mentality could prove dangerous for America’s future if used to placate lawmakers regarding the … More