Economics - Alan Greenspan
and his mother, Rose Goldsmith, was. 58 In March 2005, in reaction to Greenspan's support of President Bush's plan to partially privatize Social Security, then-Democratic Senate Minority Leader Harry Reid attacked Greenspan as "one of the biggest political hacks we have in Washington" and criticized him for supporting Bush's 2001 tax. Hilsenrath, Jon; Di Leo, Luca Derby, Michael. Appointed by President, ronald Reagan to fill, paul. These improvements have led to rapid growth in subprime mortgage lending; indeed, today subprime mortgages account for roughly 10 percent of the number of all mortgages outstanding, up from just 1 or 2 percent in the early 1990s.
"Greenspan Criticizes Bush Policies in Memoir". "Comment: The Corporate Fallacy". He held a position in the equity research department of robspeirre in the Enlightenment the firm Brown Brothers Harriman before assuming leadership of Townsend-Greenspan., a consulting firm, in 1955. Reich, December 19, 2007 Alan Greenspan at Aspen Ideas Festival, July 2009, pt 1, pt 2, pt 3 Criticism. He was subsequently criticized for contributing to the subprime mortgage crisis. Housing bubble of the early 2000s and his advocacy of deregulation of the financial industry had contributed to the global financial crisis of 2008 ( see Emergency Economic Stabilization Act of 2008 ). In 2007, Greenspan was the recipient of the inaugural Thomas Jefferson Foundation Medal in Citizen Leadership, presented by the University of Virginia. His tenure as Chairman lasted for more than 18 years before he retired in 2006 to be replaced. 46 Stabilizing corporate profits are said to have influenced his comments. Archived from the original on June 7, 2011. 53 He has come under criticism from Harry Binswanger, 64 who believes his actions while at work for the Federal Reserve and his publicly expressed opinions on other issues show abandonment of Objectivist and free market principles.
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