If things get out of hand, we could see another stock market crash, with the Great Depression being the result. None of us want to see that happen again! On the flipside, we can see an "Economic Boom", which is great! But...the old saying holds true, "too much of one thing can ultimately turn bad!" Remember the dot com crash? Alan Greenspan was chairman of the Federal Reserve, and one of the most powerful financial men in America, from 1987 until his retirement in 2006 ____________________...
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Greenspan had a brief fling as a professional jazz saxophonist before attending New York University and then becoming head of an economics consulting firm, Townsend-Greenspan & Co., in New York in 1954 ____________________. By the 1970s he was advising presidents Richard Nixon and Gerald Ford, and in 1987 he was named Chairman of the Board of Governors for the Federal Reserve System ____________________...
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Title	Pages / Words	Save
Federal Reserve The responsibility of regulating and supervising members of the Federal Reserve System and their activities are shared between the Board of Governors and the twelve main Federal Reserve Banks This group sees that consumers get adequate information and are treated fairly when doing business in the banking industry...	6 / 1539
federal reserve The System is independent of other branches and agencies of government and it is also self-financed. No one "owns" the Federal Reserve, however, Congress tends to watch over the system and occasionally looks over it activities and can modify its responsibilities...	4 / 1022
Federal system The operations of the Federal Reserve banks, although not conducted primarily for profit, yield an income that is ordinarily sufficient to cover expenses, to pay a 6% cumulative dividend annually on the stock held by member banks, to make additions to surplus, and to provide the U...	4 / 947
Federal Reserve Treasury. The Federal Reserve's accountability is to Congress. Legislation requires that the Fed report annually on its activities to the Speaker of the House of Representatives and twice annually on its plans for monetary policy to the banking committees of Congress...	2 / 288