Word: greenspans
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...first big global liquidity crisis came a few years later, on the morning after the 1987 stock-market crash. Fearful banks stopped lending until new Fed Chairman Alan Greenspan restored confidence with reassuring words and piles of cash. Greenspan did the same when credit markets froze after the Russian government defaulted on its debts in 1998. But he was criticized afterward for being perhaps too generous and reassuring and for launching an era of overly easy money...
...should not have to work for a newspaper in order to be treated fairly by it,” Aaron Greenspan ’04-’05 wrote me in an e-mail earlier this month, complaining about what he perceived as the disparate treatment he received from The Crimson compared with another student who was similarly situated, but also happened to be an editor...
MUNICH AND L.A. The '72 Games in Munich were captured in Visions of Eight (lensers included Milos Forman and Arthur Penn). For the '84 Games in L.A., Bud Greenspan's 16 Days of Glory used a now familiar technique: focusing on the athletes' lives...
...agree with Wiggin, then former Federal Reserve Chairman Alan Greenspan's legendary ability to pilot us past market jitters and avert major economic dislocations is something not to be praised but to be condemned. Among the doom crowd, Greenspan's decision to slash interest rates as the stock market plummeted in 2001, which fueled the last leg of the real estate boom, is seen as his gravest error. Despite his raising rates since then, Greenspan's successor Ben Bernanke is if anything even more reviled. His sin was committed in 2002 when, as a member of the Federal Reserve Board...
...Bernanke-Greenspan point of view is that averting Great Depression--style financial meltdowns by opening the federal monetary spigot is a good thing. The doom guys (who usually refer to Bernanke as "Helicopter Ben") argue that this is short-sighted. Without occasional, and painful, unravelings of debt and speculation, debt and speculation inevitably get out of hand. It's a stark, almost Puritan way of looking at the world, and it has been out of step with economic reality for the past quarter-century. But that doesn't mean it always will...