Alan Greenspan

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Alan Greenspan

Chairman of the Federal Reserve from 1987 to 2006. He was chairman during both the 1987 stock market crash and the Asian financial crisis in the 1990s. In both circumstances, he saw to it that the Federal Reserve served as a source of liquidity in order to ensure the global economy continued to function. He kept interest rates low during the dot-com bubble of the 1990s. He was criticized during the late 2000s recession for supporting the unfettered free market policies that led to the housing bubble and unregulated derivatives. He became a friend and follower of Ayn Rand in the 1950s and remains controversial today.
References in periodicals archive ?
14 /PRNewswire/ -- As Bank of America asks permission to become a national banking cartel by purchasing Fleet Bank of Boston, community coalitions from California and Hawaii today called on Allen Greenspan and the Federal Reserve to check the proposed merger, citing the mega-bank's lack of commitment to neighborhoods.
It is incredible to me that the legions of pundits who inundate us with their wisdom on TV and in newspapers and magazines should ignore the basic reason why Bob Dole's 15 percent tax cut is pure nonsense: Allen Greenspan and the Federal Reserve.
When you have Allen Greenspan speaking for hours about natural gas and oil issues, we could not think of a more opportune time to drill multiple wells and have strong expectations of bringing these new reserves on line within two months.