The Criminal Legacy of Alan Greenspan

http://www.lewrockwell.com/mcmaken/mcmaken132.html

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Another look at Enron

Foundation for Economic Education
by William L. Anderson

06/16/10

The response from journalists and politicians across the country was unanimous: Enron was a fraudulent entity and a number of executives and employees got what they deserved by going to prison. However, I have been among the critics not only of the verdicts, but also of the government’s conduct throughout this sorry affair. Thus I am part of a larger public effort to tell people there is another side to the story. Before going further, however, let me say that Enron’s demise should not have been a surprise, as it was a product of the Federal Reserve’s late 1990s boom. Alan Greenspan’s easy-credit regime permitted Enron and other firms to boost their stock prices to levels well above where the fundamentals said they should have been...

http://www.thefreemanonline.org/columns/not-so-fast/enron/


Informant: Thomas L. Knapp



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