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  • The Legacy of US Fed Chairman Greenspan

    02/02/2006 11:47:46 AM PST · by ex-Texan · 2 replies · 422+ views
    Asian Tribune ^ | 2/1/2006 | Nick Beams
    While it was not planned that way, it is perhaps appropriate that the trial of Enron’s top two executives, Kenneth Lay and Jeffrey Skilling, for fraud and conspiracy, should have begun just one day before Alan Greenspan stepped down from his position as chairman of the US Federal Reserve Board. More than any other single individual, Greenspan was responsible for creating the financial conditions that made possible the outright looting which has become synonymous with Enron. And though it is not listed in his official biography, Greenspan received the Enron Award for Public Service in 2001.Yesterday, on his last day...