Event Calendar

Book Forum Discussion: " Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve"
 William Fleckenstein & Frederick Sheehan

  This event is closed for registration
Date: 8/10/10
Time: 4:30 - 6:30 PM
Member Cost: $0.00
Nonmember Cost: $0.00
Location: Location change:
Two Union Square, Ste. 5122
Address: 601 University Ave, Seattle
Event Description:
Book Description: According to MSN Money columnist William A. Fleckenstein, Greenspan's nearly 19-year career as Federal Reserve Chairman is even worse than anyone imagined. Labeled Mr. Bubble by the New York Times, Greenspan was nothing less than a serial bubble blower with a long history of bad decision-making. His famous Greenspan Put fueled the perception of a Goldilocks economy-but, as this explosive exposé reveals, the bear has finally caught up with Goldilocks.

Using transcripts of Greenspan's FOMC meetings as well as testimony before Congress, this eye-opening book delivers a timeline of his most devastating mistakes and weaves together the connection between every economic calamity of the past 19 years:

  • The stock market crash of 1987
  • The Savings & Loan crisis
  • The collapse of Long Term Capital Management
  • The tech bubble of 2000
  • The feared Y2K disaster
  • The credit bubble and real estate crisis of 2007

    Fleckenstein explains just how far-reaching Greenspan's mess has been flung, and presents damning evidence that contradicts the former Fed chief's public naiveté concerning shifts in the market and economy. He also points to a disturbing fact, that throughout his career, Greenspan not only made costly mistakes, but made the same ones-over and over again. And not only was he never able to recognize or admit to those mistakes, he constantly rewrote his own history to justify them.

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    Other Information:
    All members and CFA candidates are invited to participate in The Book Forum. Public or private, debt or equity... all perspectives are needed to help make this discussion a success. The Forum will meet every quarter at 4:30-6:30pm in an informal venue. Refreshments provided. After each meeting, participants will select the date, location, book and moderator for the next discussion.
    The book is available at many locations, including the Seattle Public Library and the King County Library System. You may purchase the book new or used at most booksellers including www.amazon.com.
    Comments:
    Other Information: Members who pre-registered and attended the CFA Society of Seattle Book Forum will automatically receive 2 hours of CE credit for the discussion session. In addition, books used for the forum qualify for CE credit. Members may use standard Reference Times to calculate credit hours earned. You may log this credit in your CE Diary.