... and political acumen, with his fourth four-year term ending in 2004. It was said that Alan Greenspan was often dubbed the second most powerful man in America. As the Federal Reserve Board Chairman, Alan Greenspan controls U.S. monetary policy by influencing short-term interest rates and, in turn, the cost of credit to American companies and consumers. Alan Greenspan also has a ... Magazine. Alan Greenspan attacked lending discrimination by saying that it is bad for the economy. Discrimination by lenders against minority-owned small businesses is bad for the economy, said the Federal Re...

• Word Count: 1361
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School

... Attack...Security). The recent Social Security Commission's report states, "By 2016 Social Security will collect less money in tax revenues than it is supposed to pay out" (What's the...Security?). Federal Reserve Chairman Alan Greenspan warns, "We will eventually have no choice but to make significant structural adjustments in the major retirement programs" (Francis, D.). Even if the economy would start to grow ... as though it were still in the general treasury. This results in a false government surplus, which is--in reality--a deficit" (Social Security Information). Our country now ...

• Word Count: 1704
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School