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| Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve | 
 enlarge | Authors: William Fleckenstein, Fred Sheehan
Publisher: McGraw-Hill
Category: Book
List Price: $21.95
Buy New: $11.92
You Save: $10.03 (46%)
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Avg. Customer Rating:  (39 reviews)
Sales Rank: 8190
Languages: English (Original Language), English (Unknown), English (Published)
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
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| Customer Reviews:
 Fleckentstien called it all along... August 27, 2008
3 out of 3 found this review helpful
A friend at work turned me on to Fleckenstien's articles during the peaks of the housing bubble, and all along he predicted the housing market crash. The only thing he had wrong was the timing as thought it would happen sooner. This book sheds light on Greenspans role in two ecenomic bubbles and does so with Felckenstien's unique sense of humor. It is tough to make subjects like this interesting, but this book is a good read. Felckenstien predicted both "bubble bursts" in his columns when everyone else was screaming about the next tech stock that was going to take over the world or talking about how "real estate never goes down." If he says the sh-t is going to hit the fan and you are standing in front of the fan, you should probably move.
Why is the country in this mess? August 9, 2008
2 out of 4 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
5 out of 5 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
2 out of 11 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.
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