Greenspan joins hedge fund Paulson
By Angela Monaghan
Alan Greenspan, the 81 year-old former chairman of the Federal Reserve, is set to join the US hedge fund Paulson & C. as an adviser.
Dr Greenspan will advise Paulson on the global financial markets, and under the terms of the agreement he will not advise any other hedge fund while he is working for Paulson.
Greenspan will join the hedge fund that bet against housing
Paulson manages $28bn of assets and last year earned billions of dollars when it called correctly the collapse in the sub-prime mortgage market, a collapse which was caused by Dr Greenspan who kept interest rates too low for long, according to some economic commentators.
John Paulson, president of the hedge fund, said: "Few people, if any, in the world have the breadth of experience with, and depth of understanding of, global financial markets as Dr. Greenspan.
"Anticipating the direction of the economy, and assessing the potential for and severity of a US recession, are fundamental in formulating current investment strategy.
"Dr. Greenspan's position as chairman of the Federal Reserve Board for 18 years, through multiple market cycles, gives him a unique perspective from which to help our investment management team make critical decisions."
Dr Greenspan's salary for the role was not disclosed.
http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/mone...
They're crashing the economy, so the uber=rich can buy it back for nothing. Modus Operandi = Deja Vu.