Here’s our Sunday night challenge: How much blame does Alan Greenspan deserve for all of the current mess we are in? What percentage of responsibility lay at his feet?
I weighed in on this when Greenspan retired 30 months ago (Myths of the Greenspan Era) — but since then, a lot more evidence has come to the fore.
I want details: Specifically, what bad policy decisions, miscalculations, ideological foibles, and just outright poor judgment did Greenspan show over the course of 18 and a half years as Fed chair?
What Say Ye?
Category: Federal Reserve
William Poole, former president of the Federal Reserve Bank of St.
Louis, talks about Standard & Poor’s proposed downgrade of Fannie
Mae and Freddie Mac bonds, June’s durable goods and new homes data
released today, and the outlook for legislation to aid the hobbled
00:00 Possible S&P action on Freddie, Fannie bonds
01:00 Economic indicators of durable goods report
02:28 Housing bill; Fannie, Freddie lobbying
04:15 Need for Fannie, Freddie to be private firms
05:11 Access to Fed discount window; oil prices
06:54 "Balancing act" of Fed on inflation, economy
07:52 Lobbying restrictions; credit rating position
09:44 Market consequence of Fannie, Freddie fall
11:09 Paulson "back-stop" plan "essential"
Running time 12:11
Bloomberg, July 25 2008
Carnegie Mellon Professor Randy Pausch (Oct. 23, 1960 – July 25, 2008) gave his last lecture at the university Sept. 18, 2007, before a packed McConomy Auditorium. In his moving presentation, "Really Achieving Your Childhood Dreams," Pausch talked about his lessons learned and gave advice to students on how to achieve their own career and personal goals.
Randy finally lost his battle to cancer early Friday morning . . .
For more, visit www.cmu.edu/randyslecture.
Randy Pausch, Final Lecture
Randy Pausch Reflects