Alan Greenspan is the kind of man that many people dream of being! Alan Greenspan was born on March 6, 1926 (age 97) in New York City, New York, United States.According to numerology, Alan Greenspan's Life Path Number is 9. If that flow is shut off, it causes catastrophic effects in the industrial world. Alan Greenspan was born in New York City on March 6, 1926. Those who read the About page were given a believable account of the American economists passing: Hundreds of fans immediately started writing their messages of condolence on the Facebook page, expressing their sadness that the talented 97-year-old economist was dead. 73, Andrea Mitchel and Greenspan, 94, who have a 20-year gap in age, have maintained a strong relationship. Appointed by U.S. Pres. Going into specifics, Alan held the office during the presidential tenures of George W. Bush, Bill Clinton, George H. W. Bush, and Ronald Reagan. " He joins the long list of celebrities who have been victimized by this hoax. Even. Manley Johnson, David Mullins & Alice Rivlin. And, while Greenspan himself may be having trouble portraying himself as a mere innocent bystander in the current economic collapse, Greenspan's policies are alive and well in his . He received criticism from Democratic leaders in Congress for politicizing his position because of his support for tax reduction and the privatization of Social Security. Some economic commentators blamed this collapse on Greenspan's policies while at the Fed. [62] Regarding future U.S. economic policy, Greenspan recommends improving the U.S. primary and secondary education systems. His work as the Chairman of the Federal Reserve of the United States of America has garnered him the popularity and respect he is attributed with nowadays. He prefers to keep his personal life secret, though, thus nothing is known about them. Alan Greenspan Net Worth 2023: Age, Height, Weight, Wife, Kids, Bio-Wiki, Joan Mitchell (m. 1952 1953), and Andrea Mitchell (m. 1997). [30], Two months after his confirmation, Greenspan said immediately following the 1987 stock market crash that the Fed "affirmed today its readiness to serve as a source of liquidity to support the economic and financial system". They both have a powerful tale bond with each other and there may be an explanation for their good family life. Federal Reserve Board. [76] Greenspan also noted, however, "I really didn't get it until very late in 2005 and 2006. Supreme Court Justice Ruth Ginsburg officiated their wedding rites. I don't know how significant or permanent it is. [84] Greenspan also praised the rise of the subprime mortgage industry and its tools for assessing credit-worthiness: Innovation has brought about a multitude of new products, such as subprime loans and niche credit programs for immigrants. The action you just performed triggered the security solution. Yes, Alan is well and still alive. Ronald Reagan to fill Paul A. Volckers term as chairman of the Federal Reserve Board, Greenspan took office on August 11, 1987. [86] A triggering factor in the 2007 subprime mortgage financial crisis is believed to be the many subprime ARMs that reset at much higher interest rates than what the borrower paid during the first few years of the mortgage. Alan Greenspan was born on March 6, 1926, in Washington Heights, New York, New York. In 2009, Robert Reich wrote that "Greenspan's worst move was to contribute to the giant housing bubble and the worst worldwide crash since the Great Depression. [132], Greenspan was elected to the American Philosophical Society in 2000. He served for five consecutive terms that spanned from 1987 to 2006. Greenspan's first job, in 1948, was not in government but for a non-profit analyzing demand for steel, aluminum, and copper. In the year 2000, the French government honored Alan Greenspan with the title of Commander of the Legion of Honour., In the year 2002, he was named Knight Commander of the Order of the British Empire.. [34] Greenspan was fundamentally a monetarist and Austrian Economist in orientation on the economy,[35] and his monetary policy decisions largely followed standard Taylor rule prescriptions (see Taylor 1993 and 1999). Alan and Andrea have an age gap of 20 years between them. In April 2008, however, Barron's obtained a copy and notes that it includes "a discussion of soaring housing prices and their effect on consumer spending; it even anticipates a bursting housing bubble". Alan Greenspan was known as being adept at gaining consensus among Fed board members on policy issues and for serving during one of the most severe economic crises of the late 20th century, the aftermath of the stock market crash of 1987. He became one of the members of Rand's inner circle, the Ayn Rand Collective, who read Atlas Shrugged while it was being written. Later on, he pursued his master's degree also at NYU. The year 1987 marked itself as the one in which Alan Greenspan attained the position of chairman of the Federal Reserve Board. Unfortunately, the marriage lasted for five years and had divorced in 1975. Democratic president Bill Clinton reappointed Greenspan, and consulted him on economic matters. Alan Greenspan, Time's Person of the Year 2023. After his parents separated, Alan was primarily reared by his mother at the Russian home of his maternal grandparents. Alan Greenspan is 95 Years Old. Alan Greenspan, who is 97 years old as of today, was born in New York City. Fed speak is a phrase used to describe former Federal Reserve Board Chair Alan Greenspan's tendency to make wordy statements with little substance. After getting divorced from her first husband, Joan, she remarried to her current partner, Alan Greenspan, a former Federal Reserve Board Chairman. UPDATE 01/05/2023 : This story seems to be false. Alan Greenspan and Andrea Mitchell married in 1997, but they were together for a long time before their marriage. In the 1930s, Rand wrote a novella that was eventually published in the U.S. in 1946 under the title, Anthem, by a corporate front group. While every effort has been made to follow citation style rules, there may be some discrepancies. You can learn more about the standards we follow in producing accurate, unbiased content in our. According to Nobel laureate Paul Krugman, however, "he didn't raise interest rates to curb the market's enthusiasm; he didn't even seek to impose margin requirements on stock market investors. At age five Greenspan demonstrated his proficiency in mathematics by reciting baseball batting averages and performing large calculations in his head. Greenspan is best known for largely presiding over the Great Moderation, a period of relatively stable inflation and macroeconomic growth, that lasted from the mid-1980s to the financial crisis. He joins a growing chorus of . Furthermore, the Federal Reserve Biography states that he has received some honorary degrees from some of the most distinguished educational institutions known to humanity. Jazmin Johnson Bio, Age, Birthday, Net Worth, Height, Nationality, Gadson Johnson, Husband, Married, Kaley Cuoco Actress, Bio, Picture Perfect, Age, Net Worth, Shoulder Surgery, Movies, Copyright 2023 | WordPress Theme by MH Themes. [23], In mid-1968, Greenspan agreed to serve as Richard Nixon's coordinator on domestic policy in the nomination campaign. Corrections? In 2004 he lowered interest rates to 1%, enabling banks to borrow money for free, adjusted for inflation. Also, he dated newsperson, Barbara Walters during the 1970s but they didn't last long though. In 1987, Greenspan became the 13thchair of the Fed,replacing Paul Volcker. He did so again in 2001 after 9-11, the World Trade Center attack. When the Dow Jones Industrial Average fell a record 508 points on October 19, shortly after he took charge at the Fed, he acted quickly to ensure liquidity in the markets. Alan Greenspan is a man who has aided the United States of America is making economically sound decisions and shaping monetary policies for the better part of his life. Greenspan eventually reversed those views as Fed chief; in a 1998 speech, he conceded that the new economymight not be as susceptible to inflation as he had first thought. How Long Was Alan Greenspan Federal Reserve Chair? Greenspan was given a share of the credit for the longest official economic expansion in U.S. history (March 1991February 2000). [60] Greenspan writes, "They swapped principle for power. Well, if youre ready, lets start. His first marriage was to Canadian artist Joan Mitchell in October 1952;[121] the marriage ended in annulment 10 months later. Matt Taibbi described the Greenspan put and its bad consequences saying: "every time the banks blew up a speculative bubble, they could go back to the Fed and borrow money at zero or one or two percent, and then start the game all over", thereby making it "almost impossible" for the banks to lose money. American economist Alan Greenspan led the Federal Reserve as its 13th chairman from 1987 to 2006. Ed Henry Wife Shirley Hung. Alan is 96 years old as of 2022. Omissions? In April 1997, they were married by Supreme Court Justice Ruth Bader Ginsburg. In 1977, the economist finally completed his doctorate still at NYU. Throughout his reign, he attempted to help support the U.S. economy by actively using the federal funds rate to aggressively lower interest rates to fight the deflation of asset price bubbles. When Asian countries underwent a financial crisis and an economic downturn beginning in 1997 (see Asian financial crisis), he lowered U.S. interest rates to cushion the economy. Alan is a veteran economist who served as the 13th chair of the Federal Reserve from 1987 to 2006. The Age of Turbulence, his autobiography, was released in 2007. Greenspan presided over one of the most prosperous periods in American historythanks in no small part, supporters feel, to his helming of the Fed. [2][3][4] Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization[5][6] and tax cuts.[7]. Ben Bernanke was selected by President George W. Bush to succeed him. On April 19, 2012, Greenspan received the Eugene J. Keogh Award for Distinguished Public Service from NYU. At present, Alan Greenspan owns a consultancy firm called Greenspan LLC. [70] Greenspan and Rand remained friends until her death in 1982. [24] Greenspan has also served as a corporate director for Aluminum Company of America (Alcoa); Automatic Data Processing; Capital Cities/ABC, Inc.; General Foods; J.P. Morgan & Co.; Morgan Guaranty Trust Company; Mobil Corporation; and the Pittston Company. "Remarks by Chairman Alan Greenspan." In New York City, his father was a stockbroker and market analyst. Greenspan's reputation has suffered since then, although many still pay him six-figures for 45 minutes of his wisdom. He's still alive and well, stop believing what you see on the Internet, they said. Alan is 96 years old as of 2022. 2023 MediaMass All rights reserved. A dove is an economic policy advisor who favors strategies that maintain low interest rates and other expansionary policies. [81], According to some, however, Greenspan's policies of adjusting interest rates to historic lows contributed to a housing bubble in the United States. degree in economics summa cum laude in 1948[16] and an M.A. He is 20 years older than her and is in his early Nineties as of now. It did not. A stubborn, honest and puritanically forthright man, Martin liked to explain that the Reserve Board's unpopular actions arose out of its necessary role of "leaning against the wind.". He also won the Francis Boyer award in the year 1996. On May 18, 2004, Greenspan was nominated by President George W. Bush to serve for an unprecedented fifth term as chairman of the Federal Reserve. (read more), Alan Greenspan death hoax spreads on Facebook. Who Is Ben Bernanke? He continued his education at New York University, where in 1977 he received a Ph.D. in economics. He continued to act as the chairman of the Federal Reserve Board until the year 2006. For now, Andrea lives a blissful marital relationship with her long term partner, Alan for over two decades. The intimate ceremony was attended by 75 guests including the bride and bridegroom's family members and friends. Accessed June 14, 2021. Alan Greenspan married journalist Andrea Mitchell in 1997. . The Great Moderation: What it is, How it Works, Dove Economic Policy Advisor Definition vs. a Hawk. He was awarded the Presidential Medal of Freedom in November 2005. New American Library, 1967. For these reasons, Greenspan has been criticized for his role in the rise of the housing bubble and the subsequent problems in the mortgage industry,[89][90] as well as "engineering" the housing bubble itself. Bernanke served until 2014. [92] Greenspan, according to The New York Times, says he himself is blameless. [74], E. Ray Canterbery has chronicled Greenspan's relationship with Rand, and has concluded that the influence has had pernicious effects on Greenspan's monetary policy. [115], Republican Senator Jim Bunning, who opposed Greenspan's fifth reconfirmation, charged that Greenspan should comment only on monetary policy, not fiscal policy. A lot of celebrities do not know what to do with their money anymore in 2022. In fact, many of them lately like to show off, 40/ 40Cardi Bs dream mansion in Atlanta rap-up.com After two years of house hunting Cardi B, 55/ 55Sean Penn $70,000,000 via bz-berlin.de Sean is a dinosaur in Hollywood, but he manages. Greenspan's criticisms of President Bush include his refusal to veto spending bills, sending the country into increasingly deep deficits, and for "putting political imperatives ahead of sound economic policies". It is well known that his mother was Hungarian-Jewish and that his father was of Romanian Jewish ancestry. Inflation is a persistent threat, according to former Federal Reserve Chairman Greenspan. Alan Greenspan (born March 6, 1926) is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. Early in his career, Greenspan developed a reputation for being hawkish on inflation, in part due to his advocacy for a return to the gold standard in monetary policy in the 1967 essay "Gold and Economic Freedom.". After leaving, he published his memoir, The Age of Turbulence, and began his own Washington DC-based consulting firm, Greenspan Associates LLC. Greenspan was born in Washington Heights to Herbert Greenspan and Rose Goldsmith. In 1977, the economist finally completed his doctorate still at NYU. In practice, Greenspan's supposedly hawkish approach was flexible, to say the least. He met the polemical novelist Ayn Rand in 1952 and became a member of her inner circle, adopting her philosophy of radical self-interest and laissez-faire capitalism (see objectivism). The "Greenspan put" was a monetary policy strategy popular during the 1990s and 2000s under Greenspan. She was given the National Press Foundations Sol Taishoff Award for Excellence in Broadcast Journalism. During the 1950s and 1960s Greenspan was a proponent of Objectivism, writing articles for Objectivist newsletters and contributing several essays for Rand's 1966 book Capitalism: The Unknown Ideal including an essay supporting the gold standard. But their passion became more intense in 1987 when he moved to Washington to lead the Fed. The internet bubble, also known as the dot-com bubble, is a textbook example of a speculative bubble. Rule 2 does not apply when replying to this stickied comment.. Rule 2 does apply throughout the rest of this thread.. What this means: Please keep any "meta" discussion directed at specific users, mods, or r/conspiracy in general in this comment chain only.. in economics from the same college. As chairman of the board, Greenspan did not give any broadcast interviews from 1987 through 2005.[49]. He also drew the publics attention to what he called unsustainable rates of growth in the U.S. economy and overextended stock prices toward the end of the 20th century. Alan's doing great. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. [81] Greenspan stated that this drop in rates would have the effect of leading to a surge in home sales and refinancing, adding that "Besides sustaining the demand for new construction, mortgage markets have also been a powerful stabilizing force over the past two years of economic distress by facilitating the extraction of some of the equity that homeowners have built up over the years". [31][32][33] Although the Federal Reserve followed its announcement with monetary policy actions, which became known as the Greenspan put, George H.W. Bush attributed his re-election loss to a sluggish response. [12] His father worked as a stockbroker and consultant in New York City. 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.[88]. Their wedding took place in 1952, but their marriage started on the wrong foot. [87] In that speech, Greenspan had suggested that lenders should offer to home purchasers a greater variety of "mortgage product alternatives" other than traditional fixed-rate mortgages. Greenspan transitioned from consultancy to the Federal Reserve Board. His parents separated when he was still a child. [36], In 2000, Greenspan raised interest rates several times; these actions were believed by many to have caused the bursting of the dot-com bubble. [50] He also accepted an honorary (unpaid) position at HM Treasury in the United Kingdom. [122] He dated newswoman Barbara Walters in the late 1970s. Alan Greenspan Death Hoax Dismissed Since Economist Is Alive And Well. Mitchell with husband Alan Greenspan in 2000 She married her second husband, then Federal Reserve Chair Alan Greenspan, on April 6, 1997, following a lengthy relationship. [54], In mid-January 2008, hedge fund Paulson & Co. hired Greenspan as an adviser. Rumors of the economists alleged demise gained traction on Saturday after a R.I.P. [120], Greenspan has married twice. Andrea Mitchell Reports' anchors met her boyfriend, Greenspan in 1983, when she interviewed for a story of him. After a year, Washington's newest powercouple started dating back in 1984. After completing his masters degree, Alan attended Columbia University in pursuance of advanced economic studies, but eventually changed his mind and dropped out before completion of the course. I still play golf and keep busy with bridge, etc." . His father, Herbert Greenspan, was of Romanian Jewish descent, and his mother, Rose Goldsmith, was of Hungarian Jewish descent. President Ronald Reagan was the first to appoint Greenspan to the office, but three other presidents,George H.W. As a youth he studied music at the Juilliard School and played jazz saxophone and clarinet in the Henry Jerome band. Later on, he pursued his masters degree also at NYU. Guests included Henry Kissinger, Katharine Graham, Barbara Walters,John Warner, and David Brinkley. The birthdate of Greenspan is March 6, 1926. Some criticized those rate cuts as having the potential to inflate asset price bubbles in the U.S. Greenspan's pro-inflationary policies, particularly during this period, are today generally understood to have contributed to the U.S. housing bubble, subsequent subprime mortgage financial crisis, and the Great Recession, though this is of course disputed by Greenspan and his allies. Greenspan is also known for being the spouse of renowned television journalist Andrea Mitchell. After this, Greenspan ran an economic consulting firm in New York City, Townsend-Greenspan & Co., Inc., from 1954 to 1974 and 1977 to 1987. He hasnt yet made his siblings identity public, thus no information on him has been shared. He was previously appointed to the post by Presidents Reagan, George H.W. Bush, and Bill Clinton. Greenspan and his gorgeous wife Andrea Mitchell have been wed since 1997. That leaves them fully exposed to rising rates.[91]. Is Alan Greenspan secretly gay and hiding in the closet? In the book, Greenspan criticizes President George W. Bush, Vice President Dick Cheney, and the Republican-controlled Congress for abandoning the Republican Party's principles on spending and deficits. In a May 2005 speech, Greenspan stated: "Two years ago at this conference I argued that the growing array of derivatives and the related application of more-sophisticated methods for measuring and managing risks had been key factors underlying the remarkable resilience of the banking system, which had recently shrugged off severe shocks to the economy and the financial system. He stated that the errors that were made stemmed not from the principle, but from the application of competitive markets in "assuming what the nature of risks would be". Yes, Alan Greenspan is still alive Last check: 1 year ago . They got hitched in 1952 but the marriage was annulled within one year until 1953. [80] Then, after the accounting scandals of 2002, the Fed dropped the federal funds rate from then current 1.25% to 1.00%. Regardless of her 2 marriages, she doesn't have any children. Alan Greenspan Death Fact Check Alan is alive and kicking. Do not reproduce (even with permission). The situation screamed for government oversight of lending institutions, lest the banks lend to unfit borrowers. In a February 23, 2004, speech,[84] Greenspan suggested that more homeowners should consider taking out adjustable-rate mortgages (ARMs) where the interest rate adjusts itself to the current interest in the market. Greenspan Put: Definition, Examples, Vs. Fed Put. He was the Chairman of the Federal Reserve of the United States from 1987 to 2006. Powell has been more reactive. His loyalty and dedication to the job have indeed paid off through the years. Greenspan lent support to Clinton's 1993 deficit reduction program. Greenspan established his own consulting business, Greenspan Associates, LLC, in Washington, DC after leaving the Board of Governors. [8][9] Yale economist Robert Shiller argues that "once stocks fell, real estate became the primary outlet for the speculative frenzy that the stock market had unleashed". Furthermore, Alan Greenspan also acted as the chairman of the bipartisan National Commission on Social Security Reform during the time Ronald Reagan was President of the United States of America. A few months after his recommendation, Greenspan began raising interest rates, in a series of rate hikes that would bring the funds rate to 5.25% about two years later. Tags: American Producer [57], Greenspan wrote a memoir titled The Age of Turbulence: Adventures in a New World, published September 17, 2007. READ ALSO, Isha Price. Maybe you know about Alan Greenspan very well But do you know how old and tall is he and what is his net worth in 2023? 67.227.236.71 Andrea opted for a knee-length, cream-colored dress with a pillbox hat during their marriage, while Alan wore a blue business suit. The employment, as mentioned above happened when Gerald Ford was the President of the Nation. [4] Previously, she was married to Gil Jackson; that marriage ended in divorce in the mid-1970s. His appointment was made official by the President at that time, Ronald Reagan. [59] Greenspan discusses in his book, among other things, his history in government and economics, capitalism and other economic systems, current issues in the global economy, and future issues that face the global economy. Alan Greenspan. Greenspan did not have a child from his first wife. [93] On April 6, 2005, Greenspan called for a substantial increase in the regulation of Fannie Mae and Freddie Mac: "Appearing before the Senate Banking Committee, the Fed chairman, Alan Greenspan, said the enormous portfolios of the companiesnearly a quarter of the home-mortgage marketposed significant risks to the nation's financial system should either company face significant problems. [134]. They eventually got married in 1987. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Accessed June 14, 2021. Birthday: March 6, 1926 How Old - Age: 97 Recently Passed Away Celebrities and Famous People. In 2007, Paulson had foreseen the collapse of the sub-prime housing market and hired Goldman Sachs to package their sub-prime holdings into derivatives and sell them. [123] In December 1984, Greenspan began dating journalist Andrea Mitchell. [14] He played clarinet and saxophone along with Stan Getz. Alan Greenspan was born on March 6, 1926 and is 97 years old now. Greenspan is considered by some to be hawkish in his concerns over inflation. The Real Legacy of Alan Greenspan. These Are The 10 Best-Paid Television Stars In The World. [125], In 1976, Greenspan received the U.S. "The Debate over the Origin of the Great Recession in the United States," Pages 79-103. [73] When asked about free markets and Rand's ideas, however, Greenspan clarified his stance on laissez faire capitalism and asserted that in a democratic society there could be no better alternative. Please contact the moderators of this subreddit if you . Check Out The Most Amusing Things About Celebrities' Intimate Life As Well As Career Highlights AtMarried Celeb!!! On the other hand, Andrea Mitchells net worth is $8 million. In August 1987, President Ronald Reagan signed the appointment of Alan Greenspan as chairman of the United States Federal Reserve. Is Alan Greenspan alive? Mitchell was previously married to Gil Jackson, but they divorced back in the 1970s. These 10 Whopping Homes & Cars Of Celebrities Look Amazing! Sandeep Dahiya, Bardia Kamrad, Valerio Pot, and Akhtar R. Siddique. If you have any unfortunate news that this page should be update with, please let us know using this form. This article was most recently revised and updated by, https://www.britannica.com/biography/Alan-Greenspan, Alan Greenspan - Student Encyclopedia (Ages 11 and up), Emergency Economic Stabilization Act of 2008. "[98] Financial Times associate editor and chief economics commentator Martin Wolf defended Greenspan primarily as a scapegoat for the market turmoil. Following Rands urging, he served in 1967 as an adviser for Richard Nixons 1968 presidential election campaign. Where as some trusting fans believed the post, others were immediately skeptical of the report, perhaps learning their lesson from the huge amount of fake death reports emerging about celebrities over recent months. "Gold and Economic Freedom." Investopedia requires writers to use primary sources to support their work. [124] Greenspan at the time was 58 and Mitchell was 38. [85] The Fed's own funds rate was at a then all-time-low of 1%. Greenspan helped with Nixons transition to the office but refused a permanent appointment in the Nixon administration, advising the president only informally and serving on presidential task forces and commissions. [27] He also served as a member of the influential Washington-based financial advisory body, the Group of Thirty in 1984. Her former spouse Gil used to work for the well-known staffed corporation 'Glaxo Smith Kline (GSK). On February 26, 2007, Greenspan forecast a possible recession in the United States before or in early 2008. [106] He also called Greenspan a "classic con man" who, through political savvy, "flattered and bullshitted his way up the Matterhorn of American power and jacked himself off to the attention of Wall Street for 20 consecutive years". These Are The 15 Hottest Wives And Girlfriends Of Hollywood! Even after leaving the federal office, he kept on travelling on the road to success and worked his way to the top as a businessman with his consulting firm. 0. It is that the avenues to express greed had grown so enormously", and suggested that financial markets need to be more regulated. Before stepping in as the chairman of the Federal Reserve Board, Alan Greenspan also served as the chairman of the Presidents Council of Economic Advisers. [72] In a congressional hearing on October 23, 2008, Greenspan admitted that his free-market ideology shunning certain regulations was flawed. The Greenspan put created a substantial moral hazard in financial markets. Why Is He Important? That is, we on a daily basis require continuous flow. His educational qualifications also feature a Ph.D. in economics from New York University that he attained in the year 1977. His birth sign is Pisces, and he celebrates his birthday on March 6 each year. Mario Rojas Miranda. [114], Economist Paul Krugman wrote that Greenspan was a "three-card maestro" with a "lack of sincerity" who, "by repeatedly shilling for whatever the Bush administration wants, has betrayed the trust placed in the Fed chairman". [22] Before he was appointed chairman of the Federal Reserve, from 1955 to 1987, Greenspan was chairman and president of Townsend-Greenspan & Co., Inc., an economics consulting firm in New York City. The most notable fact is that Greenspan studied advanced economics under Arthur Burns but did not complete his degree. In the year 1948, he graduated Summa Cum Laude. Ronald Reagan and Alan Greenspan pulled off one of the greatest frauds ever perpetrated against the American people in the history of this great nation, and the underlying scam is still alive and well, more than a quarter century later. auburn wa police incident reports,

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