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Greenspan's bubbles: The age of ignorance at the federal reserve
According to the MSN Money columnist the author, Greenspan's nearly 19-year career as Federal Reserve Chairman is even worse than anyone imagined. Labeled Mr. Bubble by the New York Times, Greenspan was nothing less than a serial bubble blower with a long history of bad decision-making. His famous Greenspan Put fueled the perception of a Goldilocks economy - but, as this explosive expose reveals, the bear has finally caught up with Goldilocks. Using transcripts of Greenspan's FOMC meetings as well as testimony before Congress, this book delivers a timeline of his most devastating mistakes and weaves together the connection between every economic calamity of the past 19 years: the stock market crash of 1987, the savings & loan crisis, the collapse of long term capital management, the tech bubble of 2000 the feared Y2K disaster, the credit bubble and real estate crisis of 2007.
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