BUBBLE MAN ALAN GREENSPAN AND THE MISSING 7 TRILLION DOLLARS (H/C)

IN THIS EYE-OPENING ACCOUNT, PETER HARTCHER RE-EXAMINES THE ACHIEVEMENTS OF ALAN GREENSPAN, THE CHAIRMAN OF THE FEDERAL RESERVE WHO PRESIDED OVER THE 1990S STOCK-MARKET BUBBLE - PERHAPS THE BIGGEST SPECULATIVE FRENZY IN HISTORY - AND WALKED AWAY WHEN IT CAME CRASHING DOWN, WITH HIS REPUTATION APPARENTLY UNSCATHED. THE US ECONOMY IS STILL STRUGGLING WITH THE FALLOUT FROM GREENSPAN'S TENURE, WHICH INCLUDES A BUBBLE IN HOUSING PRICES, A ROCKY RECOVERY AND A VAST FEDERAL DEFICIT. HIS MISTAKES LIVE ON, AS DOES THE QUESTION OF WHAT TO DO ABOUT BUBBLES. HARTCHER'S CAREFUL INVESTIGATION INTO THE MOST FINANCIALLY EXPENSIVE EVENT IN AMERICAN HISTORY AND THE DESTRUCTIVE LEGACY OF THE MOST POWERFUL MAN IN THE WORLD IS A GRIPPING TALE OF FAILED LEADERSHIP, EXCESS AND THE BIZARRE POLITICS BEHIND THE WORLD'S MOST POWERFUL ECONOMY.