Panderer to Power

Praise ForPANDERER TO POWER"We all owe a great debt to Fred Sheehan. Fred demolishes the myth of Alan Greenspan's omniscience, while revealing the dangerous credulity of those whoset him on a pedestal above the rest of us.Panderer to Powerwill be invaluable in making the case for how we might preserve our solvency and our system." Seth A. Klarman, president, Baupost Group, L.L.C."Many have written about the man who used to be called 'Maestro.' But none has done so with such clarity of perception as Frederick Sheehan. Between the covers of this timely and important book, the former Fedchairman stands revealed as America's own Wizard of Oz." James Grant, editor,Grant's Interest Rate Observer"The Fed, Greenspan's Fed, not only supplied the whiskey for the party, it led the charge for irresponsible behavior by essentially telling people 'don't worry, be happy.' A thorough, in-depth look at the man who wrought somuch damage on so many, this brilliant effort by Fred Sheehan is a major step in setting the record straight on this era." Bill Fleckenstein, president, Fleckenstein Capital and co-author,Greenspan's Bubbles"Fred Sheehan vividly shows in his excellent and long overdue account, the devastating monetary policies the Fed has pursued under Mr. Greenspan, which have been continued by Mr. Bernanke. After readingPanderer to Power, you will have no respect for the U.S. Federal Reserve Board, politicians, and Wall Street." Marc Faber, editor,Gloom, Doom and Boom Report