Panderer to Power: The True Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession

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9780071615426: Panderer to Power: The True Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession

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 whoset 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 Fedchairman 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 somuch damage on so many, this brilliant effort by Fred Sheehan is a major step in setting the record straight on this era.”
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

"An important part of Sheehan's book is Greenspan’s role in expanding this country’s monetary base far behind our means.”
--Boston Business Journal, November 2009

"This well written, though obviously polemic, text documents the issues as he sees them. When read in conjunction with Greenspan’s own biography, a picture emerges of a complex, obviously smart man who may have been promoted to a position beyond his competence, but was expert at covering up and obfuscation."
--Troy Media, November 2009

About the Book:

Alan Greenspan’s 18-year stint as headof the Federal Reserve Bank witnessedsome of the most massive upward redistributionsof wealth in our nation’s history.It’s now clear that his policies contributedgreatly to the transformation of Wall Streetfrom an engine that financed American businessto a business-destroying machine—andthat Greenspan abetted the hollowing out ofthe U.S. economy by giving Wall Street andWashington everything they could possiblywant.

To take the full measure of Greenspan’s culpability,we need to look beyond the disgracedpublic persona and see him within the broadersweep of his life and times. In Panderer toPower, author Frederick J. Sheehan deliversthe first in-depth, critical biography of theman who, for nearly two decades, served as theworld’s most powerful banker.

Beginning with Greenspan’s formative yearsas a Depression-era kid from New York City,Sheehan traces his subject’s progress fromhis days touring America as a reed man withthe Henry Jerome Orchestra in the 1940sthrough his emergence as one of America’sfirst celebrity economists to his ascentthrough the ranks of power in D.C.

What emerges is a searing portrait of ashameless media hound who ferociously promotedhis image as a straight-laced numberscruncher, a Machiavelli whose political skillsfar surpassed his skills as an economist.

Drawing upon a vast array of original sources,the author leaves little room for doubt: eitherthe “economic genius of our time” was obliviousto the hazards of his irresponsible policydecisions or he knew full well what he was doing,but chose, as he had throughout his career,to put self-interest above the public good.

"synopsis" may belong to another edition of this title.

About the Author:

Frederick J. Sheehan is a former directorof asset allocation services at John HancockFinancial Services and the coauthor of thecritically acclaimed Greenspan’s Bubbles. Hehas written for Marc Faber’s Gloom, Boom& Doom Report, Whiskey & Gunpowder, andthe Prudent Bear Web sites. He serves as anadvisor to investment firms and endowments.He lives in the Boston area.

"About this title" may belong to another edition of this title.

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Book Description McGraw-Hill Education - Europe, United States, 2009. Hardback. Book Condition: New. 231 x 160 mm. Language: English . Brand New Book ***** Print on Demand *****.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 whoset 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 Fedchairman 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 somuch damage on so many, this brilliant effort by Fred Sheehan is a major step in setting the record straight on this era. 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 An important part of Sheehan s book is Greenspan s role in expanding this country s monetary base far behind our means. --Boston Business Journal, November 2009 This well written, though obviously polemic, text documents the issues as he sees them. When read in conjunction with Greenspan s own biography, a picture emerges of a complex, obviously smart man who may have been promoted to a position beyond his competence, but was expert at covering up and obfuscation. --Troy Media, November 2009 About the Book: Alan Greenspan s 18-year stint as headof the Federal Reserve Bank witnessedsome of the most massive upward redistributionsof wealth in our nation s history.It s now clear that his policies contributedgreatly to the transformation of Wall Streetfrom an engine that financed American businessto a business-destroying machine-andthat Greenspan abetted the hollowing out ofthe U. S. economy by giving Wall Street andWashington everything they could possiblywant. To take the full measure of Greenspan s culpability,we need to look beyond the disgracedpublic persona and see him within the broadersweep of his life and times. In Panderer toPower, author Frederick J. Sheehan deliversthe first in-depth, critical biography of theman who, for nearly two decades, served as theworld s most powerful banker. Beginning with Greenspan s formative yearsas a Depression-era kid from New York City,Sheehan traces his subject s progress fromhis days touring America as a reed man withthe Henry Jerome Orchestra in the 1940sthrough his emergence as one of America sfirst celebrity economists to his ascentthrough the ranks of power in D.C. What emerges is a searing portrait of ashameless media hound who ferociously promotedhis image as a straight-laced numberscruncher, a Machiavelli whose political skillsfar surpassed his skills as an economist. Drawing upon a vast array of original sources,the author leaves little room for doubt: eitherthe economic genius of our time was obliviousto the hazards of his irresponsible policydecisions or he knew full well what he was doing,but chose, as he had throughout his career,to put self-interest above the public good. Bookseller Inventory # APC9780071615426

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Book Description McGraw-Hill Education - Europe, United States, 2009. Hardback. Book Condition: New. 231 x 160 mm. Language: English . Brand New Book ***** Print on Demand *****. 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 whoset 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 Fedchairman 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 somuch damage on so many, this brilliant effort by Fred Sheehan is a major step in setting the record straight on this era. 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 An important part of Sheehan s book is Greenspan s role in expanding this country s monetary base far behind our means. --Boston Business Journal, November 2009 This well written, though obviously polemic, text documents the issues as he sees them. When read in conjunction with Greenspan s own biography, a picture emerges of a complex, obviously smart man who may have been promoted to a position beyond his competence, but was expert at covering up and obfuscation. --Troy Media, November 2009 About the Book: Alan Greenspan s 18-year stint as headof the Federal Reserve Bank witnessedsome of the most massive upward redistributionsof wealth in our nation s history.It s now clear that his policies contributedgreatly to the transformation of Wall Streetfrom an engine that financed American businessto a business-destroying machine-andthat Greenspan abetted the hollowing out ofthe U. S. economy by giving Wall Street andWashington everything they could possiblywant. To take the full measure of Greenspan s culpability,we need to look beyond the disgracedpublic persona and see him within the broadersweep of his life and times. In Panderer toPower, author Frederick J. Sheehan deliversthe first in-depth, critical biography of theman who, for nearly two decades, served as theworld s most powerful banker. Beginning with Greenspan s formative yearsas a Depression-era kid from New York City,Sheehan traces his subject s progress fromhis days touring America as a reed man withthe Henry Jerome Orchestra in the 1940sthrough his emergence as one of America sfirst celebrity economists to his ascentthrough the ranks of power in D.C. What emerges is a searing portrait of ashameless media hound who ferociously promotedhis image as a straight-laced numberscruncher, a Machiavelli whose political skillsfar surpassed his skills as an economist. Drawing upon a vast array of original sources,the author leaves little room for doubt: eitherthe economic genius of our time was obliviousto the hazards of his irresponsible policydecisions or he knew full well what he was doing,but chose, as he had throughout his career,to put self-interest above the public good. Bookseller Inventory # APC9780071615426

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Book Description McGraw-Hill. Hardcover. Book Condition: New. Hardcover. 400 pages. Dimensions: 9.1in. x 6.3in. x 1.4in.Praise For PANDERER TO POWER We all owe a great debt to Fred Sheehan. Fred demolishes the myth of Alan Greenspans 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 Americas own Wizard of Oz. James Grant, editor, Grants Interest Rate Observer The Fed, Greenspans Fed, not only supplied the whiskey for the party, it led the charge for irresponsible behavior by essentially telling people dont 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 era. Bill Fleckenstein, president, Fleckenstein Capital and co-author, Greenspans 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 An important part of Sheehans book is Greenspans role in expanding this countrys monetary base far behind our means. --Boston Business Journal, November 2009 This well written, though obviously polemic, text documents the issues as he sees them. When read in conjunction with Greenspans own biography, a picture emerges of a complex, obviously smart man who may have been promoted to a position beyond his competence, but was expert at covering up and obfuscation. --Troy Media, November 2009 About the Book: Alan Greenspans 18-year stint as head of the Federal Reserve Bank witnessed some of the most massive upward redistributions of wealth in our nations history. Its now clear that his policies contributed greatly to the transformation of Wall Street from an engine that financed American business to a business-destroying machineand that Greenspan abetted the hollowing out of the U. S. economy by giving Wall Street and Washington everything they could possibly want. To take the full measure of Greenspans culpability, we need to look beyond the disgraced public persona and see him within the broader sweep of his life and times. In Panderer to Power, author Frederick J. Sheehan delivers the first in-depth, critical biography of the man who, for nearly two decades, served as the worlds most powerful banker. Beginning with Greenspans formative years as a Depression-era kid from New York City, Sheehan traces his subjects progress from his days touring America as a reed man with the Henry Jerome Orchestra in the 1940s through his emergence as one of Americas first celebrity economists to his ascent through the ranks of power in D. C. What emerges is a searing portrait of a shameless media hound who ferociously promoted his image as a straight-laced numbers cruncher, a Machiavelli whose political skills far surpassed his skills as an economist. Drawing upon a vast array of original sources, the author leaves little room for doubt: either the economic genius of our time was oblivious to the hazards of his irresponsible policy decisions or he knew full well what he was doing, but chose, as he had throughout his career, to put self-interest above the public good. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Hardcover. Bookseller Inventory # 9780071615426

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