Word: greenspans
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...Alan Greenspan left some embarrassing items behind in the chairman’s office. We knew he was into leather, but now we’ll finally hear the specifics...
...seriousness, this is really quite unfair.' ALAN GREENSPAN, former U.S. Federal Reserve Chairman, defending himself against accusations that his policies are to blame for the nation's current economic woes...
...seriousness, this is really quite unfair.' ALAN GREENSPAN, former U.S. Federal Reserve Chairman, on his policies being blamed for the nation's economic woes...
...Your wheel of blame was missing a crucial player: Ayn Rand. She was former Federal Reserve Chairman Alan Greenspan's free-market guru. Like President George W. Bush, Greenspan's belief in free markets blinded him to the dangers inherent in the subprime-mortgage market. How else can one explain his failure to respond to early and repeated warnings from the late Edward Gramlich, a member of the Fed board who recognized the dangers and addressed the matter (perhaps in frustration) last year in his book Subprime Mortgages: America's Latest Boom and Bust? Kim Gardey, President, Gardey Financial Advisors...
...assign more blame to President Bush and Greenspan than you did to home buyers? Home buyers made a conscious decision to extend themselves beyond their means; they are the ones who need to be held most accountable. Mortgage lenders were certainly greedy, but it was also greed that motivated buyers. We always blame someone else for our stupid decisions. Only with true personal accountability will lessons be learned. Dave Meyer, Sauk Rapids, Minnesota...