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Deception and abuse at the Fed : Henry B. Gonzalez battles Alan Greenspan's Bank

Author: Robert D Auerbach
Publisher: Austin : University of Texas Press, 2008.
Edition/Format:   Book : State or province government publication : English : 1st edView all editions and formats
Database:WorldCat
Summary:
"The Federal Reserve - the central bank of the United States - is the most powerful peacetime bureaucracy in the federal government. Under the chairmanship of Alan Greenspan (1987-2006), the Fed achieved near mythical status for its part in managing the economy, and Greenspan was lauded as a genius. Few seemed to notice or care that Fed officials operated secretly with almost no public accountability. There was a  Read more...
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Details

Genre/Form: Case studies
Named Person: Alan Greenspan; Henry B Gonzalez; Henry B Gonzalez; Alan Greenspan; Henry B Gonzalez; Alan Greenspan
Material Type: Government publication, State or province government publication, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Robert D Auerbach
ISBN: 9780292717855 0292717857
OCLC Number: 179786705
Description: xii, 271 pages : illustrations ; 24 cm
Contents: Hitting a tank with a stick --
The Burns Fed : price controls, inflation, and the Watergate cover-up with a distinguished professor at the helm --
The master of garblements --
Spinning mountains into molehills --
Valuable secrets and the return of Greenspan's 'prophetic touch' --
The seventeen-year lie --
Corrupted airplanes and computer mice --
Standing in the door against civil rights --
When five hundred economists are not enough --
The myth of political virginity --
Pricking the stock market bubble and other Greenspan policies --
Bring the Fed into the democracy --
Appendix : excerpts from Waste and abuse in the Federal Reserve's payment system.
Responsibility: Robert D. Auerbach.
More information:

Abstract:

The Federal Reserve - the central bank of the United States - is the powerful peacetime bureaucracy in the federal government. This title recounts major instances of Fed mismanagement and abuse of  Read more...

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schema:reviewBody""The Federal Reserve - the central bank of the United States - is the most powerful peacetime bureaucracy in the federal government. Under the chairmanship of Alan Greenspan (1987-2006), the Fed achieved near mythical status for its part in managing the economy, and Greenspan was lauded as a genius. Few seemed to notice or care that Fed officials operated secretly with almost no public accountability. There was a courageous exception to this lack of oversight, however: Henry B. Gonzalez (D-TX) - chairman of the U.S. House of Representatives Financial Services (banking) Committee." "Auerbach provides documentation of these and other abuses at the Fed, which confirms Rep. Gonzalez's belief that no government agency should be allowed to operate with the secrecy and independence in which the Federal Reserve has shrouded itself. Auerbach concludes with recommendations for specific, broad-ranging reforms that will make the Fed accountable to the government and the people of the United States."--Jacket."
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