The Federal Chairman, Greenspan has been out of favor with many angry investors over the past three years. He has been attacked on every front, since the stock market bubble burst in March of 2000. Critics have been quick to point out, it was his interest rate hikes that caused the doldrums that was felt in the market.

Greenspan, the man behind the Federal Reserve has had his record, subjected to scrutiny. Ironically, during the economic boom of the 1990's, his name almost became reverend. How can a man, who chaired, one of the greatest bull markets in history, find others rallying behind him and defending his record?

During 1999, Greenspan made a decision that made many investors angry. There were slight signs that inflation could soon become a reality, so Greenspan decided to raise interest rates. The next storm of frustration came with the total meltdown of the NASDAQ, and the retraction of the Dow Jones Industrial. The critics against Greenspan have been mounting their arguments ever since. Some jumped on the band wagon, just to follow the crowd.

Yet, Greenspan has done something his predecessor, Volk was unable to do. He has been able to control inflation. Also in most areas, including management and handling of monetary policy, his job deserves kudos. Greenspan has brought prosperity to America. However people want to rid of this man?

Greenspan is a scapegoat. He did not force investors into many of the stocks they bought. The man has no stocks, because he does not want to bias or influence the price of a security. People should blame themselves for their bad investment decisions or their broker.. Buying stocks with a PE of 1000 was not a good buy then, and never will be. There were college graduates, who made $70,000 off of stock options and the company was not making a dime.

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