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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Alan Greenspan

Alan Greenspan stories: 33 news summaries

1 - 20 of 33 Stories | 1 2 Next >>

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Thomas Frank

Financial Reform: How to Prevent Another Greenspan

Reform plans may hand regulation over to fervent deregulators

Nov 11, 09 9:44 AM CST
(Newser) - There's a lot riding on reform of the financial industry, but the administration's plans to overhaul financial regulation carries the seeds of its own destruction, writes Thomas Frank. Taking oversight away from the present confusing array of agencies and making the Federal Reserve One Big Regulator means that when the... More »

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Federal Reserve • Alan Greenspan • financial services • regulation • financial sector • bank regulation • deregulation

 Soros to Spend 
 $50M to Reinvent 
 Economics 


Fund manager's think tank charged with reinventing the field

Oct 28, 09 9:44 AM CDT
(Newser) - George Soros has decided to spend $50 million to launch a new think tank charged with reinventing the field of economics, which the Hungarian-American billionaire calls "a dogma whose time has passed." The Institute of New Economic Thinking, whose board members include luminaries such as Joseph Stiglitz and... More »

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economics • Alan Greenspan • George Soros • laissez faire economics • Joseph Stiglitz • financial crisis • Jeffrey Sachs


 America's 
 Most 
 Powerful 
 Octogenarians 

Slate ranks the country's top old people

Oct 21, 09 4:25 PM CDT
(Newser) - Retirement? Bah! Slate’s annual 80 for 80 list ranks America’s mightiest octogenarians, giving extra credit for post-80 achievements, and “being really, really old.” The top:
  1. Thomas Monson (82): As the head of the Mormon church, 13 million people think he’s a prophet “in
... More »

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Barbara Walters • Alan Greenspan • list • John Paul Stevens • Daniel Inouye • Thomas Monson • senior citizens • seniors • Noam Chomsky

INTERVIEW

Greenspan: 'Crisis Will Happen Again'

Former Fed chairman denies responsibility, blames human nature

Sep 9, 09 5:26 AM CDT
(Newser) - Another financial crisis is inevitable "unless somebody can find a way to change human nature," says Alan Greenspan in an interview with the BBC. The former Fed chairman—who has faced stinging criticism for his own role in precipitating the 2008-09 global recession—denied any responsibility for the... More »

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Federal Reserve • Alan Greenspan • risky trading • bank regulation • financial crisis

Men's Skivvy Sales Spell
More Trouble

Stimulus package or not, underwear metric indicates downturn

Apr 9, 09 9:41 AM CDT
(Newser) - More bad news, this time from the men’s underwear department. One of former Fed chairman Alan Greenspan’s favorite metrics for predicting changes in consumer spending was the sales of men’s skivvies, the Huffington Post reports. It seems that sales are projected to decline 2.3% this year,... More »

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economic indicators • Alan Greenspan • consumer spending • underwear • boxers • economic downturn • men's underwear

OPINION

Stop Stalling and Nationalize Bailout Banks: Krugman

The sooner we take over zombie banks, the better, says Krugman

Feb 23, 09 9:24 AM CST
(Newser) - The case for temporarily nationalizing some of America's biggest banks is so persuasive that even Alan Greenspan, the baron of laissez-faire capitalism, thinks it's a good idea. Yet the Obama administration keeps proposing half-measures and workarounds. New York Times columnist Paul Krugman says the government should get it over with:... More »

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Citigroup • Bank of America • Alan Greenspan • nationalization • FDIC • financial crisis • capital injection

Nationalize Some Banks:
Greenspan

Ex-Fed head abandons free-market purism, wants temporary move

Feb 18, 09 8:06 AM CST
(Newser) - Alan Greenspan, once famed for his light touch, now says the US may have to temporarily nationalize some banks. The former Fed chairman said in an interview with the Financial Times that some institutions need government ownership to restore liquidity and help shore up the larger financial system. "In... More »

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Federal Reserve • Alan Greenspan • nationalization • liquidity • laissez faire economics • bank failure • Lindsay Graham

OPINION

 Andrea Mitchell, 
 Gay Icon 

Community seems fascinated with correspondent, if somewhat secretly

Jan 28, 09 1:30 PM CST
(Newser) - Cher, Barbra Streisand, Madonna … and NBC correspondent Andrea Mitchell? Yes, John Koblin and Zachary Woolfe write in the New York Observer, Mrs. Alan Greenspan is an icon to gay men, if not as celebrated. “She’s the Golden Girls rolled into one,” one fan says: “The... More »

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Alan Greenspan • Cher • NBC News • Madonna • Barbra Streisand • Maria Callas • gays • Aristotle Onassis • Andrea Mitchell • Golden Girls • Bill Maher Grid

OPINION

25 People Responsible
for the Crisis

Greenspan, King, and Clinton all played a role, the Guardian writes

Jan 26, 09 3:25 PM CST
(Newser) - The current recession is a wholly man-made phenomenon, the Guardian reminds us, and they’ve got the names of those responsible. Here are four from their list of 25:
  • Alan Greenspan: Fed chair for 19 years, Greenspan kept interest rates low as the housing bubble developed, backed subprime lending
... More »

MORE ABOUT:
Bill Clinton • Alan Greenspan • credit market • Bank of England • Standard and Poor • Mervyn King • George W. Bush • Phil Gramm • financial crisis • recession depression

ANALYSIS

Battle Over Regulation Looms in '09

Some worry Obama won't do enough to rein in derivatives market

Dec 25, 08 9:24 AM CST
(Newser) - After the economic meltdown of 2008, the coming year will see a battle over one of the most politically contentious issues in finance: the regulation of derivatives markets. Some who opposed government oversight before now acknowledge the need for tighter controls. But they face an uphill battle, reports Newsweek, against... More »

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Alan Greenspan • SEC • oversight • derivatives market • regulation • SEC commissioners • Robert Rubin • auction-rate securities • Obama administration • financial crisis

opinion

 Whom to Thank for This Mess 

Bad decisions starting in the '80s triggered the credit crisis

Dec 9, 08 2:59 PM CST
(Newser) - This financial crisis brewed over decades of bad decisions, and, in Vanity Fair, economist Joseph Stiglitz makes sure credit is given where due:
  • In 1987 President Reagan appointed anti-regulation Alan Greenspan to a regulatory post.
  • Greenspan offered the markets a "flood of liquidity" that boosted inflation
... More »

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Alan Greenspan • tax cuts • Reaganomics • Joseph Stiglitz • bank regulation • deregulation • financial crisis • Wall Street bailout

ANALYSIS

The Economic 
Crisis Taints Us 
All: Galbraith 

Economist calls the meltdown a 'blot' on
the profession

Nov 2, 08 3:19 PM CST
(Newser) - The economic bust has taken a hammer to the profession of economics, Reagan's monetary policy, and the careers of President Bush, Alan Greenspan, and Henry Paulson, James Galbraith tells the New York Times. In an interview with Deborah Solomon, the economist chides his colleagues for failing to call the meltdown,... More »

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Dick Cheney • economics • Henry Paulson • Alan Greenspan • Ronald Reagan • economist • regulation • George W. Bush • James K Galbraith

 Greenspan: 
 I Was Wrong 
 to Trust Banks 

Fed's push for deregulation helped 'nnce-in-a-century credit tsunami'

Oct 23, 08 11:51 AM CDT
(Newser) - Alan Greenspan made a mild mea culpa today as lawmakers grilled him on his role in a financial crisis the former Fed chief called a “once-in-a-century credit tsunami,” the Wall Street Journal reports. Asked if he was wrong to champion deregulation, Greenspan replied, “partially,” explaining he’... More »

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Federal Reserve • Alan Greenspan • regulation • deregulation • financial crisis • credit default swap

OPINION

'The Oracle' Forgot One Thing: We're Greedy

Founding fathers quickly figured out people couldn't be trusted to be selfless

Oct 18, 08 11:50 AM CDT
(Newser) - If those who ignore history repeat it, Alan Greenspan must have slept through a few Constitutional history classes. In promoting the risky derivatives market, the former Federal Reserve chairman was depending on individuals' restraint and care for the greater good. But Americans just aren't that altruistic, as the Founding Fathers... More »

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Alan Greenspan • derivatives market • regulation • US Constitution • George Washington • greed • Thomas Jefferson • financial crisis • John Adams

OPINION

How You Know It's a Crisis: Oprah Is Bailer-Out-in-Chief

Culture11 lists top changes to look for in our new economy

Sep 22, 08 6:17 PM CDT
(Newser) - How the Wall Street meltdown will affect our day-to-day existence, per Culture11:
  • Nation's emergency lender: Oprah.
  • Living in sin now OK; sharing a sleeping bag in tent city is new social scourge.
  • Cloning approved to allow for mass creation of Alan Greenspans.
  • Hipsters downgrade their booze
... More »

MORE ABOUT:
Ben Bernanke • Alan Greenspan • list • Oprah Winfrey • humor • economy

Greenspan: Housing Will Hit Bottom in 2009

Skilled immigrants would help end
slump, he says

Aug 14, 08 11:19 AM CDT
(Newser) - Alan Greenspan said housing prices could continue to edge lower through 2009, but should “stabilize or touch bottom” in the first six months of the year, reports the Wall Street Journal. And, the former Fed chief says, while a government bailout of Freddie Mac and Fannie May was the... More »

MORE ABOUT:
Bush administration • Federal Reserve • economics • Alan Greenspan • capitalism • Freddie Mac • Fannie Mae • credit crisis • housing crisis • subprime crisis • bank regulation • financial crisis

OPINION

Greenspan to Government: Hands Off

Market capitalism can ride out the crisis, writes former Fed boss

Aug 5, 08 1:15 PM CDT
(Newser) - The credit crisis is far from over, and more banks and financial institutions might require government bailouts along the way, Alan Greenspan acknowledges. The crunch will relax only when home prices, "the ultimate collateral support for much of the financial world’s mortgage-backed securities," begin to stabilize, the... More »

MORE ABOUT:
Federal Reserve • economics • Alan Greenspan • capitalism • credit crisis • regulation • mortgage backed securities • bank regulation • financial crisis

ANALYSIS

Fierce Lobbying Deflected Warnings on Fannie, Freddie

Mortgage giants deflected calls for stricter capital requirements

Jul 14, 08 1:44 PM CDT
(Newser) - For years, critics have warned that Fannie Mae and Freddie Mac’s special status as government-sponsored enterprises allowed them to shoulder risk far beyond their minimal capitalization requirements, the Washington Post reports. The firms have used their unique position in the financial system, and high-intensity lobbying efforts, to quash any... More »

MORE ABOUT:
investors • Alan Greenspan • Freddie Mac • Fannie Mae • credit crisis • regulation • financial crisis

ANALYSIS

Fannie/Freddie Troubles Signal Sea Change in Gov't Role

Feds now effectively the only lender in town

Jul 14, 08 6:54 AM CDT
(Newser) - The teetering of Fannie Mae and Freddie Mac has underscored a major shift in US finance, writes Peter S. Goodman in the New York Times—once simply another guarantor, the government has effectively become the only lender in town "for millions of Americans engaged in the largest transactions of... More »

MORE ABOUT:
subprime mortgages • Alan Greenspan • credit crisis • regulation • loan • free markets • economy • government backing • financial crisis

Clinton Calls for Blue-Ribbon Mortgage Panel

Emergency plan would enlist Greenspan,
other big thinkers

Mar 24, 08 2:39 PM CDT
(Newser) - Ex-Fed chief Alan Greenspan and other high-profile economic bigwigs should take the lead in deciding whether the government should buy homes affected by the housing crisis, Hillary Clinton says. "As it has in the past, this kind of temporary measure by the government could give our economy the boost... More »

MORE ABOUT:
Hillary Clinton • Alan Greenspan • Chris Dodd • Barney Frank • Robert Rubin • subprime crisis

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