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Former Federal Reserve Chairman Alan Greenspan predicts that the unemployment rate will push past 10 percent and stay at that level for a while.
Former Federal Reserve Chairman Alan Greenspan says he doesn't think the Fed should be considering raising interest rates to ward off inflation — at least not yet.
Former Federal Reserve chairman Alan Greenspan says the economic downturn is not quite over but that the end is nearing.
Former Federal Reserve Chairman Alan Greenspan said Friday there is no doubt the world economy is in a very severe recession and that U.S. gross domestic product will decline significantly in the last three months of the year.
Former Federal Reserve Chairman Alan Greenspan, describing the current financial crisis as a "once-in-a-century credit tsunami" acknowledged Thursday that the crisis has exposed flaws in his thinking and in the workings of the free-market system.
Without offering a recommendation, former Federal Reserve Chairman Alan Greenspan said Sunday the government faces tough choices as it tries to help arrange a rescue of Lehman Brothers without using public money.
Troubled by the Bear Stearns debacle, former Federal Reserve Chairman Alan Greenspan is advocating a new way of dealing with government bailouts of companies whose sudden collapse could wreak havoc on the country's economic and financial stability.
Indiana athletic director Rick Greenspan will resign at the end of December amid new NCAA allegations that the school failed to monitor the men's basketball team.
Former Federal Reserve Chairman Alan Greenspan said Thursday night the American economy is "clearly on the edge" of a recession, and he pointed to the depressed housing market as a primary culprit.
Critics contend that former Federal Reserve Chairman Alan Greenspan pursued interest-rate policies that led to a speculative housing bubble while failing to use the Fed's regulatory powers to crack down on abusive mortgage lending practices. The following are comments Greenspan has made on housing and mortgages.
Alan Greenspan, former chairman of the Federal Reserve, suggested Sunday that a tax break or other government financial help for homeowners facing the mortgage crunch would be the best political fix for the economy.
Former Federal Reserve Chairman Alan Greenspan says the odds the U.S. will fall into a recession are "clearly rising" and he believes economic growth is "getting close to stall speed."
Former U.S. Federal Reserve Chairman Alan Greenspan said Tuesday that cutting excess home inventories in the United States is key to stabilize the financial system at home and the rest of the world.
Republican John McCain said Thursday that as president he would appoint Alan Greenspan to lead a review of the nation's tax code — even if the former Federal Reserve chairman was dead.
Former Federal Reserve chairman Alan Greenspan defended the U.S. subprime mortgage market, arguing the repackaging and sale to investors of risky home loans — not the loans themselves — was to blame for the current global credit crisis.
Alan Greenspan said the odds of a recession have grown since earlier this year, even though "the economy is not doing badly at this stage."
Former Federal Reserve Chairman Alan Greenspan, in his new book, bashes President Bush for not responsibly handling the nation's spending and racking up big budget deficits.
Former U.S. Federal Reserve Chairman Alan Greenspan told a Tokyo seminar on Thursday that he does not think economic slowdown in his country is "probable," toning down his earlier warning over a recession later this year.
Attorneys for I. Lewis "Scooter" Libby believe that NBC News holds a key to clearing him of perjury and obstruction charges in the CIA leak case.
Former Federal Reserve Chairman Alan Greenspan said Thursday that Americans' consumption could taper off somewhat now that the U.S. housing market's "extraordinary boom" has ended.
The memoirs of Alan Greenspan, one of the hottest properties in publishing, have been acquired by The Penguin Press, which has set a 2007 release date for the book by the former chairman of the Federal Reserve.
Too Politically Connected To Fail In Any CrisisOver the past 30 years Wall Street captured the thinking of official Washington, persuading policymakers on both sides of the aisle not to regulate (derivatives), to deregulate (Gramm-Leach-Bliley), not enforce existing safety and soundness regulations (VaR), and to stand idly by …
The Economy is a Lie TooAmericans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically while Federal Reserve Chairman Ben Bernankeannounces that the recession is over!
Greenspan Sees Threat U.S. Congress Will Hamper Fed Former Federal Reserve Chairman Alan Greenspan said he's worried that lawmakers will hamper U.S. central bank efforts to rein in its monetary stimulus, and that inflation might "swamp" the bond market.
Ten Bubbles in the Making: Tech Ticker, Yahoo! FinanceFinancial bubbles caused the biggest financial crisis since the "Great Depression". Wall Street and financial investors are forever on the alert for new areas to invest their money. What will be the next potential bubble to cause a financial mess?
Re-Appointed Fed Chief Ben Bernanke Didn't Get Us Out of the Economic Crisis, He Helped Cause ItBernanke's down-home touch had instant appeal among the elite media. The theme was swiftly amplified by the Washington Post, New York Times and Wall Street Journal.
Underwear Will Lead Us Out of The RecessionFunny article on leading economic indicators
The Creature from Jekyll Island - The Creation of the Federal ReserveThe Creature from Jekyll Island: A Lecture on the Federal Reserve
Morning in America Means a "Long Slog" as Phelps Eyes Recovery The divergence emerged after the Commerce Department said July 31 the economy has now contracted the most since the 1940s.
The Man Nobody Wanted to Hear: Global Banking Economist Warned of Coming Crisis William White predicted the approaching financial crisis years before 2007's subprime meltdown. But central bankers preferred to listen to his great rival Alan Greenspan instead, with devastating consequences for the global economy.
No, idiot, capitalism is not democracy! "Americans need protection from, not appeasement of, predatory capitalism."
Ayn Rand: Don't call it a comeback!"To those of us who proudly consider ourselves non-Objectivist heathens, the events of the last two years would seem to be a mighty refutation of some of the core elements of Ayn Randian philosophy -- at least as applied to economics.
Greenspan: H-1B cap would make U.S. workers 'privileged elite'-- Tells Senate subcommittee quota too small, would protect workers from global competitionFormer Federal Reserve chairman Alan Greenspan today offered a spirited defense of the controversial H-1B program, telling a U.S. Senate subcommittee that the visa quota is "far too small to meet the need," and that it protects U.S.
Digby on Greenspan's 'Shocked Disbelief'"If only the rest of us had the kind of clout (and chutzpah) to nearly destroy an entire industry, the country and the world --- and expect to be able to dictate the terms of how it's fixed.
Down the Memory Hole, Alan Greenspan StyleHe's back and in denial in a March 11 Wall Street Journal op-ed headlined: "The Fed Didn't Cause the Housing Bubble." He lied, the way he did throughout his career and for 18.5 years as Fed chairman.
The Dirty Dozen : Rolling Stone Names The 12 People Most Responsible For the Financial CrisisMeet the bankers and brokers responsible for the financial crisis - and the officials who let them get away with it
Greenspan: Federal Reserve Did Not Cause the Housing BubbleFormer U.S. Federal Reserve Chairman Alan Greenspan virtually pleaded not-guilty in The Wall Street Journal today as he explained, in his opinion, why the Federal Reserve is not responsible for the housing bubble that largely contributed to the current global financial crisis.
Allen Greenspan when asked about the relationship of The Federal Reserve and the PresidentOn file that no entity is above the Federal Reserve. Does this alarm anyone?
The Economic Blame GameBush era Republicans did not praise the poor and the working class as the engine behind the soaring housing market. Tax policy did not favor those voters to boost their spending power. Instead, a majority of George W. Bush's tax cuts went to the top 10 percent of income earners.
A Short History of Policies that Impoverish the American Worker--Greenspan Included as a Policy Maker Behind the ScreenThis short read tells the story of how President Woodrow Wilson unwittingly ruined the economic structure of the U.S. (and was unhappy for doing it) in 1913.
Alan Greenspan: The Oracle Or The Master Of Disaster?On June 10, 1999, at the height of his power, Alan Greenspan told members of Harvard's graduating class how, in the future, they should assess their lives: "The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without …
Alan Greenspan: A "Conflict of Interest"?People forget all too readily, but Greenspan is a consultant to Pimco, the largest bond manager in this quadrant of the galaxy and its strategy is to chase government protection
Even Republicans may back US bank nationalizationIn America, investors and academics are debating not whether to nationalize but when and how.'The opponents of nationalization are becoming fewer and fewer.
Greenspan Says U.S. May Not Be Doing Enough to Promote RecoveryFormer Federal Reserve Chairman Alan Greenspan on the U.S. government efforts to repair its financial system and promote an economic recovery.
Learning From the New Deal's Mistakes"Any smart historian of the 1930s is a New Deal critic. The Obama administration unquestionably needs to respond more effectively to the current crisis than the Roosevelt administration did to the Great Depression.
Bob Herbert: Stop Being Stupid, America!!!I've got a new year's resolution and a new slogan for the country. The resolution may be difficult, but it's essential. Americans must resolve to be smarter going forward than we have been for the past several years.
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