September 2007

Greenspan hire evinces a feeling of irony

When Deutsche Bank announced in August that it had retained former Federal Reserve chairman Alan Greenspan to provide insights and advice to the bank and its clients, competitors were quick to point out the irony.


Here is the bank rumoured to have made hundreds of millions from a huge short on the mortgage market hooking up with the former central banker accused of inflating the asset bubble in the first place.

Peter Hooper, Deutsche’s chief US economist and a former...


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