Cliff Taylor
speaker
1,456 appearances
11 recordings
2 series
first heard Apr 2026
last heard 3d ago
Cliff Taylor’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Jun 2026 with 3.
Appearances
And the various crises that he faced during his term, and this was, I suppose, where the markets had so much time for him, he seemed to be able to navigate them.
Often, it must be said, you know,
using public money to bail out people that were in trouble.
But nonetheless, it kept the show on the road.
Yeah, I mean, that is the criticism, I guess.
And there were a number of occasions where institutions were bailed out during his term and kept the show on their own, kept marks going up.
And I suppose he would argue that
And market people argue averted disaster because of this idea that certain things are too big to fail.
Nonetheless, when he retired in 2006, he was widely lauded for his time in charge of the Fed.
And I guess it was two years later when the markets collapsed in 2008 and questions started to be asked.
serious questions then started to be asked about uh his term in office and the regulatory role of the feds and that really cast a shadow over his legacy because of course the cost of that 2008 collapse and you know the bookmarking event of which was the the collapse of layman brothers uh in 2008 um well was so great on the world economy that uh
I think that has led to his legacy being decidedly mixed.
Yeah, I mean, this is, I suppose, the contradiction of Alan Greenspan.
Somebody who was so worldly-wise, so markets-wise, was seen to be a genuine guru in terms of economics, monetary policy, controlling inflation, regulating the markets, was caught out in this way.
And I suppose to put it in context,
The years that he was in office were years of deregulation in the financial system.
There were years, particularly in America, where all the rules and the regulations which covered the financial sector were rolled back.
Investment banks in particular were given much greater leeway.
Some of the protections that were put in as far back as the crash of the 1930s were in fact rolled back.
And this was seen even by Democratic presidents like Bill Clinton as unleashing the power of the markets and something to be welcomed.
Showing 801–820 of 1,456 · page 41 of 73
← Previous
Next →