Credit Bubble Bulletin: The Greenspan episode

Commentary and weekly watch by Doug Noland

Former US Federal Reserve chairman Alan Greenspan, once famed for his reticence and oblique statements on the economy, seems to have spent the time since he retired from the Fed in 2006 rebuilding his persona, at least the reticence part.

Yet, though he now seems unable to decline an interview opportunity, it is increasingly evident that Greenspan is not going to be of much help when it comes to the critical issue of exploring what went terribly wrong with monetary policy and the financial system.