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Former Federal Reserve Chairman Alan Greenspan is fighting back against claims that his agency and his tenure as its chief caused the housing bubble that is partly blamed for the economy's descent into a recession. Greenspan, in an opinion piece published...
Tags: US Federal Reserve, Alan Greenspan, housing bubble, reserve chairman, chairman alan, wall street, street journal
With the Dow Jones Industrial Average below 7,000, the U.S. stock market is well below its early-1995 level, adjusted for changes in nominal GDP...The risk, however, is that too much fiscal and budgetary stimulus will bring on growth-stultifying inflation.
This week could spell judgment day for 20 of the biggest banks in America. President Barack Obama and his administration plan on evaluating the financial welfare and condition of these banks to make sure if the economy worsens that these banks...
Tags: obama, government, stimulus, america, banks, citigroup, economy, wall street, alan greenspan
Last October, Alaska Gov. and then Republican vice presidential candidate Sarah Palin claimed Obama wanted to "experiment with socialism." Douglass Elliot, a fellow on economic studies at the Brookings Institution who has written about nationalization,...
Tags: Republican Alaska, Alan Greenspan
Former Federal Reserve Chairman Alan Greenspan said the U.S. may be doing too little to repair its financial system and promote an economic recovery. President Barack Obama on Tuesday signed into law a $787 billion economic stimulus package of tax cuts...
Tags: Alan Greenspan, financial systems, Former Federal Reserve, US Federal Reserve, tax cuts
Former Federal Reserve Chairman Alan Greenspan says there is no doubt the U.S. and world economy is in a very severe recession and that U.S. gross domestic product will decline significantly in the fourth quarter. Greenspan says the U.S. and world economy...
Tags: Alan Greenspan, Mr. Greenspan, U.S. Federal Reserve, domestic product, gross domestic, fourth quarter, decline significantly, Toronto, chairman alan, reserve chairman
We've been alive to witness the global financial system rocking on its foundations and being saved from collapse only by massive government intervention...What will save capitalism is simply that there's no practical alternative to having an economy in...
Tags: Alan Greenspan
Alan Greenspan, once lauded for his orchestration of the U.S. economy, last week returned to Washington as just another faded rock star. Greenspan fielded questions from Congress about his culpability in the current financial crisis and acknowledged he...
Tags: Alan Greenspan
It started acting up on Wednesday, spinning wildly as executives from the nation's leading credit-rating agencies testified before Congress about their nonroles in the credit crisis. Leaders from Moody's, Standard & Poor's and Fitch all said that their...
Tags: crisis, financial crisis, financial, economic, Alan Greenspan
In a congressional hearing room on Thursday, former Fed Chairman Alan Greenspan, one of the most influential civil servants of the past century, saw his stock plummet—and his entire career lose its moorings. More important, the ideological battle over...
Tags: Alan Greenspan