Word: greenspan
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...Although he only printed a thousand copies of his memoir, “Authoritas: One Student’s Harvard Admissions and the Founding of the Facebook Era,” Greenspan says that the real value of the project was in the writing process. “It was either that or seeing a psychologist,” he says. “I didn’t want to be a nervous wreck for my entire life because of something that happened when I was in college...
...Along with many of the other Harvard memoirists, Aaron J. Greenspan ’04-’05 wrote a deeply personal account that ending up having a therapeutic effect...
...Unless somebody can find a way to change human nature, we will have more crises.' ALAN GREENSPAN, former Federal Reserve chairman, arguing that the problems that caused the economic crisis are bound to recur...
...lesson Lawrence Summers mastered with great ease. But after nearly a decade working beside sphinxlike Alan Greenspan, and having watched his own tenure as president of Harvard cut short by a phrase that slipped too nimbly from brain to mouth, Summers, director of the President's National Economic Council, has become a restrained public man. Gone are the days when he would glibly compare flailing financial markets to jet crashes, as he did to TIME in 1999. He is mindful of how ill-considered asides by policymakers can cause financial-market angina. So you can probably imagine the ripple that...
...Otherwise, Bernanke mostly tried to continue Greenspan's policies, which were wildly popular at the time. But that was before the chaos, before the collapses of Bear Stearns and Merrill Lynch, Fannie and Freddie, Lehman Brothers, AIG and WaMu, before Bernanke called upon decades of historical study to start dispensing money to banks and then quasi-banks and then companies that weren't banks at all. In his insider account In Fed We Trust: Ben Bernanke's War on the Great Panic, David Wessel details how Bernanke essentially turned himself into a fourth branch of government, exploiting a loophole...