Re: Alan Greenspan (1926-2026)
Re: Alan Greenspan (1926-2026) By M.B.O Owolowo Personally, the global financial crisis affected my business and investments, though it affected other people in more devastating ways. There were thousands of economic suicides during this period. Depression was rife and the crisis became known as the credit crunch! Coincidentally, the 2008 global financial crisis and its immediate aftermath occurred around the time I was doing my MBA at Imperial College London, so it was a topical issue, with Alan Greenspan at the very heart. In this regard, my MBA thesis concentrated on a dissective analysis of the issue and proffering solutions to such financial crises. I will quote some excerpts from my MBA thesis below that summarise the genesis of the policy lapses that lead to the global financial crisis. Whilst addressing regulatory ineffectiveness, I highlighted the role of Alan Greenspan in the economic bubble - the boom and bust cycle. “The financial regulatory cartwhee...