Panderer To Power
In Panderer to Power, Frederick J. Sheehan closely examines Alan Greenspan's life and career, both in and out of politics, to expose the man behind the myth. The first in-depth Greenspan biography, Panderer to Power offers a disturbing portrait of an ambitious social climber whose one true talent was self-promotion - and who did whatever it took to accrue political capital and consolidate his power in Washington.
Praise For PANDERER TO POWER
“We all owe a great debt to Fred Sheehan. Fred demolishes
the myth of Alan Greenspan’s omniscience, while revealing the dangerous
credulity of those who set him on a pedestal above the rest of us. Panderer
to Power will be invaluable in making the case for how we might preserve
our solvency and our system.”
Seth A. Klarman, president, Baupost Group, L.L.C.
“Many have written about the man who used to be called
‘Maestro.’ But none has done so with such clarity of perception as Frederick
Sheehan. Between the covers of this timely and important book, the former
Fed chairman stands revealed as America’s own Wizard of Oz.”
James Grant, editor, Grant’s Interest Rate Observer
“The Fed, Greenspan’s Fed, not only supplied the whiskey
for the party, it led the charge for irresponsible behavior by essentially
telling people ‘don’t worry, be happy.’ A thorough, in-depth look at
the man who wrought so much damage on so many, this brilliant effort
by Fred Sheehan is a major step in setting the record straight on this
Bill Fleckenstein, president, Fleckenstein Capital and co-author, Greenspan’s Bubbles
“Fred Sheehan vividly shows in his excellent and
long overdue account, the devastating monetary policies the Fed has
pursued under Mr. Greenspan, which have been continued by Mr. Bernanke.
After reading Panderer to Power, you will have no respect for the U.S.
Federal Reserve Board, politicians, and Wall Street.”
Marc Faber, editor, Gloom, Doom and Boom Report
THE BOOK THAT BURSTS EASY AL'S BUBBLE-revealing the real story behind Alan Greenspan The New York Times nicknamed him “Mr. Bubble” for his role in creating the two largest bubbles in recent years: in the stock market and the housing market. Now, Frederick Sheehan and Bill Fleckenstein reveals the unvarnished truth behind Greenspan's “Age of Recklessness.” By slashing interest rates to bail out investors, Greenspan made a lot of people rich but his actions resulted in the dot-com disaster of 2000 and the mortgage mess of 2007. But Greenspan's recklessness goes back even further-to the crash of 1987, the Savings & Loan crisis, the implosion of Long Term Capital Management, and even the Asian crisis. This no-holds-barred account finally exposes Greenspan as the worst Fed Chairman ever-and offers an economic wake-up call for citizens and investors.