Industry News

Greenspan the bandleader for finance, real estate

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This world-famous man helped found a band and toured as a member. Many years later, in 2002, he received an honorary knighthood. No, it's not Sir Paul McCartney – it's Alan Greenspan, head of the Federal Reserve. After studying clarinet at Julliard, Greenspan played saxophone with a swing band, reportedly dating Barbara Walters before settling down as the spouse of NBC correspondent Andrea Mitchell. The 79-year-old economist reportedly plays a mean game of tennis. Oh, yes, and he helped steer the American economy through the crash of 1987, the recession of the early 1990s, the dot-com bubble and the terrorist attacks of Sept. 11. According to ABC News, in 1998 unemployment reached a 24-year low, inflation hit an 11-year low and consumer confidence was the highest it had been in 30 years thanks in part to Greenspan. As chairman of the Board of Governors of the Federal Reserve of the United States, Greenspan's decisions, first, to substantially lower the federal bank r...