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DESC: In this highly critical study, William A. Fleckenstein reviews Alan Greenspan's long tenure as Chairman of the Federal Reserve, giving him low grades. In Fleckenstein's accounting, the long-respected Greenspan was not only out to lunch on the major events, such as the Savings and Loan scandal, the Internet bubble, and the home mortgage crisis--he was, says Fleckenstein, in large part responsible for them. Fleckenstein, who is a money manager as well as a business writer, backs up his argument with official records and testimony before Congress in this highly readable and informative contrarian's view of a two-decade record of responsibility and prosperity.
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