Sunday, 2 October 2016

Was Greenspan To Blame For Financial Crisis

THE former chairman of the US Federal Reserve was once a hero. Now he is being called a villain. Yet it is too soon to be sure what history will say about him.

In a superb new book, the product of more than five years' research, Sebastian Mallaby helps history make up its mind about Alan Greenspan, the man hailed in 2000 by Phil Gramm, a former senator, as "the best central banker we have ever had", but now blamed for the financial crisis of 2007­-08.

Read more: http://www.afr.com/news/economy/monetary-policy/was-alan-greenspan-to-blame-for-the-financial-crisis-20161002-grt48o#ixzz4LvOMgPlG