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Fast Facts:
- Born: March 6, 1926
- 1987: Appointed Federal Reserve Chairman by President Ronald Reagan
- Married to Andrea Mitchell
- Preceded by Paul Volcker
- Succeeded by Ben Bernanke
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Early Life
Alan Greenspan was born in Washington Heights, New York City. He received his bachelor's and master's degrees from New York University. Up until his appointment as chair of the Federal Reserve, Greenspan spent the majority of his career as the president of an economic consulting firm.Federal Reserve
In 1987 he was appointed chairman of the Federal Reserve. Shortly after this, Wall Street experienced what is now known as Black Monday, and Greenspan was generally praised for his handling of the situation. He was also lauded for his approach to the dot-com boom of the 1990s. However, some have called the housing bubble that began in 2001 a failure on Greenspan's part. He stepped down as chair of the Federal Reserve on January 31, 2006, having set a record for his tenure that reached almost two decades.Economic Crisis
While testifying in front of the House Oversight Committee in October of 2008, Greenspan spoke of the recent $700 billion Mortgage Bailout Plan, saying "the economic crisis has revealed a flaw in the model that I perceived as the critical functioning structure that defines how the world works."Seeking Alpha: Capitalism in Jeopardy (October 29, 2008) Greenspan said he believed that the United States would emerge from the financial crisis with stronger financial sense than before, but his statements prompted a massive sell-down in international markets.Phillipine Daily Inquirer: Greenspan shocks global markets (October 28, 2008)-
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Alan Greenspan Questions
How did Alan Passaro die? He was the stabber at the Altamont Speedway show in 1969. 3 AnswersAccording to Find a grave: He was found dead floating in the Anderson Reservoir with $10,000 in his pocket in 1985. http://www.findagrave.com/cgi-bin/fg.c... read more
who is Alan Clarke? 3 AnswersAlan Clarke (28 October 1935 – 24 July 1990) was a television and film director, producer and writer, born in Birkenhead, Cheshire, England. read more
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Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Alan Greenspan, Gold and Economic Freedom.
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Alan Greenspan, Ayn Rand, and the child killer http://saucymugwump.blogspot.com/
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“If I turn out to be particularly clear, you’ve probably misunderstood what I have said.” Alan Greenspan.
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Who's more of a celebrity, Peter Pan or Alan Greenspan?
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"We have seen the results of Alan Greenspan's excessively low interest rates: the housing bubble, the explosion of subprime loans and
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