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 enlarge | Authors: William Fleckenstein, Fred Sheehan
Publisher: McGraw-Hill
Category: Book
List Price: $21.95
Buy New: $12.53
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Avg. Customer Rating:  38 reviews
Sales Rank: 967
Media: Hardcover
Edition: 1
Number Of Items: 1
Pages: 208
Shipping Weight (lbs): 0.9
Dimensions (in): 8 x 5.3 x 0.9
ISBN: 0071591583
Dewey Decimal Number: 332.11092
EAN: 9780071591584
ASIN: 0071591583
Publication Date: January 16, 2008
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
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| Customer Reviews:
 Why is the country in this mess? August 9, 2008
1 out of 3 found this review helpful
Why is this country in this mess? Thanks to you, Mr. Greenspan. Just read Fred Sheehan and Bill
Flekenstein's book. It's is written well and explains why... Greenspan.
Masterly of Sir Alan August 7, 2008
3 out of 3 found this review helpful
Alan Greenspan, called The Maestro, has almost singlehandedly created the two largest financial bubbles in world history. Federal Reserve is the worlds biggest central bank, and should have understood the nature of the both the it-bubble in the last half of the nineties, and the housing bubble in the naughties. But it didn't.
Instead, Alan Greenspan has been the cheerleader for both bubbles. He consistently cut rates when the stock market was in turmoil. He was bragging about the productivity gains in the 90s (which turned out to be a scam). He kept on insisting that it is impossible to know if there is a bubble in a market, before it is pricked. During the housing bubble, Greenspan was talking about the benefits of securitizing mortgages. Even today, Greenspans biggest worry is that the crisis will lead to tighter regulation of the financial industry.
The book is short, to the point, and well researched. It is extremely timely. Fleckenstein is deeply engaged, and it would do him well to give Greenspan a nudge from time to time. Still, it is well worth reading.
 Fist Fight? July 20, 2008
1 out of 7 found this review helpful
The book appears to contain a few things of substance, but you have to look so hard to get past the vitriole it's almost not worth the effort. I'm not a big Greenspan fan and certainly not his apologist, but Fleckenstein appears to be pissed beyond reason. I get the impression Fleckenstein thought he should have been appointed Fed Chair and hasn't gotten over it yet. If Greenspan was as imbecilic as Fleckenstein tries to paint him, he wouldn't be able to find his way to the men's room without a GPS. Come on Fleck, get over it. You've got something to say. Could you possibly say it without all the name calling and innuendo. Why not take Greenspan out on the playground and you two can duke it out? Take a deep breath. Count to ten. Have a glass of wine.
If you're not outraged, you're not paying attention July 17, 2008
1 out of 1 found this review helpful
It's taking me a long time to read this because I become so angry that I have to put the boook down. This well-documented collection of mistakes at the highest financial levels, and the following "spin", demonstrates that the bigger the job, the more likelihood of error, and the greatest likelihood is that the person in charge maintains arrogant ignorance and shovels it out to the unsuspecting public.
The Mystery of Alan Greenspan July 16, 2008
In fall 1999, six months before tech stocks went into free-fall, the bestselling book "The Internet Bubble" was published. In it, the authors described how the financial foodchain of entrepreneur, venture capitalist, investment banker, and public stock speculator created the tech bubble. The authors also did the math to show how grossly over-valued Internet companies were.
For most of this rampant speculation, Alan Greenspan was enabling the process by expanding the money supply and cutting interest rates. The authors of "Greenspan's Bubbles" document, in Greenspan's own words, why they think the Chairman was doing this. Greenspan's utterances--especially those behind the closed doors of the Federal Open Market Committee (FOMC) that the authors were able to access up until 2001--prove, the authors say, that it was because Greenspan drank the "new economy" Kool-Aid and thus didn't think there was a bubble.
Other critics feel that Greenspan's statements, both private and public, were merely a cover to try to maintain the legitimacy of the Fed as long as possible....
http://www.itulip.com/forums/showthread.php?p=2405#poststop
Readers will have to decide which theory they find most feasible.
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