This is a beta version of NNDB. All Names Living people Dead people Band Names Book Titles Movie Titles Full Text for. New York City Gender: Jewish Race or Ethnicity: United States Executive summary: Federal Reserve Chairman, From untilAlan Greenspan was the chairman of the United States Federal Reserve Board, which oversees the Federal Reserve Bank, a private corporation chartered in by Congress and President Woodrow Wilson to service the nation's banks.

As a young man, Greenspan attended the Juilliard School and later toured with Henry Jerome and his orchestra, a swing ensemble of some renown. Greenspan played saxophone and clarinet, but with his knack for numbers he quickly found himself keeping the band's books and doing his bandmates' taxes. And while they went boozing and carousing' on off nights, he preferred to stay in his hotel room reading economics texts and business books.

In Septemberhe enrolled at New York University to study economics. He earned two degrees there, then worked on his PhD at Columbia University until, unable to afford tuition, he was compelled to drop out. With prestigious clients such as US Steel and J. Nixon 's presidential campaign in InNew York University gave Greenspan his PhD, without requiring a dissertation.

InPresident Ronald Reagan nominated Greenspan as Fed chairman, a post he's held ever since, through the administrations of George H. BushBill Clintonand George W.

Six months after taking the job, Greenspan presided over the biggest stock market crash in Wall Street's history. As Fed chairman, he set interest rates, and as such was alan greenspan stock market crash responsible for directing U.

In essence, Greenspan was the human face of American capitalism. Twice a year, he gave Congress his affiliates for binary options with successful strategy of America's economic status, and millions of investors paid close attention to what he said.

Bond Market: Alan Greenspan Warns of a Market Crash

Inhe gave a speech that included a quip questioning the stock market's "irrational exuberance on asset values". The following day the Dow Jones index fell points.

Former Congressman Frank Ikard once wisecracked that Greenspan is "the kind of person who knows how many thousands of flat-headed bolts were used in a Chevrolet and what it would do to the national economy if you took out three of them".

Alan greenspan stock market crash is not, however, universally respected. Gross characterizes Greenspan as a man "afraid of his own shadow". Greenspan's first wife, Joan Mitchell, introduced Greenspan to Objectivist author Ayn Randwho became his friend and mentor.

The Untold Story of 9/ Bailing Out Alan Greenspan’s Legacy

Greenspan wrote for Rand's The Objectivist newsletter, and inhe wrote an angry letter to The New York Times complaining about the paper's review of Atlas Shrugged.

Admirers of Rand, however, generally see Greenspan as a traitor, since he never advocated anything that approaches Rand's absolute laissez-faire capitalism. More recently, Greenspan's reputation has faltered along with the world economy, and hindsight-assisted evidence suggests that he turned a deaf ear to warnings of the housing and stock market bubbles that exploded after he left the Fed in In House hearings during the second month of the market meltdown ofGreenspan testified that he had "found a flaw" in his market ideology, and conceded that he had been "partially" wrong in opposing regulation of derivatives.

Herbert Greenspan stockbroker Mother: Rose Goldsmith furniture saleswoman Wife: Joan Mitchell painter, m. Andrea Mitchell NBC correspondent, m.

Federal Reserve Insider Alan Greenspan Warns: There Will Be a "Significant Market Event Something Big Is Going To Happen"

Business WeekDec, DETAILS: The Future of the Fed -- The Greenspan Legacy -- The Big Changes Ahead photo by Katherine Lambert New! Create a map starting with. NNDB MAPPER Catherine Graham Funeral Party.