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Deception and Abuse at the Fed : Henry B. Gonzalez Battles Alan Greenspan's Bank by Robert D. Auerbach is a nonfiction available to read on EtoBox.

What is Deception and Abuse at the Fed : Henry B. Gonzalez Battles Alan Greenspan's Bank about?

The Federal Reserve--the central bank of the United States--is the most powerful peacetime bureaucracy in the federal government. Under the chairmanship of Alan Greenspan (1987-2006), the Fed achieved near mythical status for its part in managing the economy, and Greenspan was lauded as a genius. Few seemed to notice or care that Fed officials operated secretly with almost no public accountability. There was a courageous exception to this lack of oversight, however: Henry B. Gonzalez (D-TX)--chairman of the U.S. House of Representatives Financial Services (banking) Committee. In Deception and Abuse at the Fed, Robert Auerbach, a former banking committee investigator, recounts major instances of Fed mismanagement and abuse of power that were exposed by Rep. Gonzalez, including: • Blocking Congress and the public from holding powerful Fed officials accountable by falsely declaring--for 17 years--it had no transcripts of its meetings; • Manipulating the stock and bond markets in 1994 under cover of a preemptive strike against inflation; • Allowing $5.5 billion to be sent to Saddam Hussein from a small Atlanta branch of a foreign bank--the result of faulty bank examination practices by

Who reads Deception and Abuse at the Fed : Henry B. Gonzalez Battles Alan Greenspan's Bank?

Author

Robert D. Auerbach

Publisher

University of Texas Press

Published

2009

Language

EN

ISBN

9780292794672

Category

nonfiction

Subjects

Political Science, History, Economics

Updated

2026-03-24