Steven Mufson

Now in a new book called Bubble Man: Alan Greenspan and the Missing 7 Trillion Dollars, Peter Hartcher, the former Washington bureau chief for the Australian Financial Review, condemns Greenspan for the stock market crash of 2001. Greenspan’s failure to take the exuberance out of “irrational exuberance,” says Hartcher, had “dreadful consequences.” Contrary to traditional […]

That was before federal budget battles, the Asian financial crisis, the Mexico rescue, and the roaring ’90s economy turned Rubin into one of the most widely recognized U.S. Treasury secretaries ever, adorning the covers of newsweeklies and briefly (if implausibly) rumored to be a possible vice presidential candidate for Al Gore. Now, a decade after […]