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Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession Book

Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession
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Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession, , Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession
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  • Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession
  • Written by author Frederick J. Sheehan
  • Published by McGraw-Hill Companies, The, October 2009
  • Alan Greenspan’s 18-year stint as head of the Federal Reserve Bank witnessed some of the most massive upward redistributions of wealth in our nation’s history. It’s now clear that his policies contributed greatly to the transformation of
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Introduction to Part I - Prelude to Power, 1926-1987 1

1 Early Years:The Education of Alan Greenspan, 1926-1958 9

2 The Dark Side of Prosperity, 1958-1967 19

3 Advising Nixon: "I Could Have a Real Effect," 1967-1973 31

4 President Ford's Council of Economic Advisers, 1973-1976 47

5 The 1980 Presidential Election: Boosting Carter, Reagan, and Kennedy, 1976-1980 59

6 Parties, Publicity, Promotion - and Lobbying for the Federal Reserve Chairmanship, 1980-1987 71

7 Lincoln Savings and Loan Association, 1984-1985 85

8 "The New Mr. Dollar"; Chairman of the Federal Reserve, 1987 95

Introduction to Part 2 - The Pinnacle of Power, 1987-2006 103

9 The Stock Market Crash and the Recession That Greenspan Missed, 1987-1990 109

10 Restoring the Economy: Greenspan Underwrites the Carry Trade. 1990-1994 121

11 Cutting Rates and Running for Another Term as Chairman, 1995-1996 133

12 The Productivity Mirage That Greenspan Doubted, 1995-1997 145

13 "Irrational Exuberance" and Other Disclosures, 1995-1998 157

14 In a Bubble of His Own, 1998 169

15 Long-Term Capital Management: A Lesson Ignored, 1998 181

16 Greenspan Launches His Doctrine, November 1998-May 1999 191

17 "This is Insane!!" June-December 1999 203

18 Greenspan's Postbubble Solution: Tighten Money, January-May 2000 215

19 The Maestro's Open-Mouth Policy, June-December 2000 227

20 Stocks Collapse and America Asks: "What Happens When King Alan Goes?" 2001 237

21 The Fed's Prescription for Economic Depletion, 1994-2002 251

22 The Mortgage Machine, 1989-2007 265

23 Greenspan's Victory Lap: His Last Years at the Fed, 2002-2006 283

Introduction to Part 3 - The Consequencesof Power, 2006-2009 301

24 The Great Distortion, 2006 307

25 Fast Money on the Crack-Up, 2006 315

26 Cheap Talk: Greenspan and the Bernanke Fed, 2007 327

27 "I Plead Not Guilty!" 2007-2008 337

28 Greenspan's Hometown, 2008 349

29 Life after Greenspan, 2009- 361

Appendix The Federal Reserve System 367

Acknowledgements 369

Index 371


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