Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (59 page)

T
TACA International, 164
Technology, 196, 200–201, 241 “Technology and the Economy”

(Alan Greenspan), 218

Technology industry, 207
and 2000 slowdown, 234, 235 in 2001, 237
profit losses in, 219
and Y2K scare, 216

Television, stock market and,
248–249
Terra Holdings LLC, 356
Terrorist attacks of 2001, 245–247
Tett, Gillian, 313
Texas Instruments, 207
Thomas, Allen, 74
Thomas, Barbara, 74
Thrifts (
see
Savings and loans)
Time
magazine, 35, 42, 43, 45, 55–56, 60–61, 70, 96, 101, 289
Townsend, William, 3, 15–16, 353
TownsendGreenspan & Co., 3, 5, 6, 16, 17, 19, 25, 27, 73, 74, 102
Trans-World Financial, 93
Travelers, 275
Treasury Department, 20, 56, 132, 247, 296
Treasury securities (
see
U.S.
Treasuries)
Trichet, Jean-Claude, 331–332
Triffin, Robert, 42
Triplett, Jack, 148, 149
The Trouble with Prosperity
(James Grant), 125
Truman, Harry, 20
Tuccille, Jerome, 27, 83, 96
Turner Broadcasting, 80
“2 and 28” mortgages, 325
Tyco International, 248

U
uBid, 174
Uchitelle, Louis, 117–119
Unemployment:

in 1970s, 309
in 1980s, 77
in early 2000s, 308
and recession of early 1990s, 127

United Services Advisors, 130
University of Chicago, 26, 37, 42, 334 Urban, David, 320
U.S. News and World Report,
64
U.S. Treasuries:

and 1987 stock market crash, 113 and 1990s recession, 122
inflation-indexed bonds, 147 speculation with, 125–126
yields on, 20, 72, 126, 128, 287

V
VA Linux, 211
Vanderbilt, Gloria, 74
Vanguard Group, 130
Verbal inflation, 63–64
Vinik, Jeff, 140
Volcker, Paul, 66, 68, 76, 79, 82–83,

95, 96, 112–113, 115, 121, 191,
201, 221, 346–348
Volkswagen, 49, 308–309
Vreeland, Diana, 75

W
Wachovia Mortgage, 328
Wall Street:

in the 1960s, 33
“buy” recommendations of, 178 and economic slowdown of

2000, 232
prior to 1950s, 19–20
real estate investments, 273–274

Wall Street Journal,
39, 82, 96, 133,
141,157, 161, 159, 195, 198, 207,
222, 233, 238, 243, 244, 274, 280,
293, 299, 319, 338, 345, 347–348, Walters, Barbara, 5, 31, 57, 75
Warehouse lines of credit (banks to mortgage lenders), 275
Warsh, Kevin, 334
Washington Times
, 300
Washington Post,
280
Washington University, 42
Wasserstein Perella, 116
Wealth:
household, 258, 260, 265
transfer of, 290
and unsound business
structures, 352
Weidenbaum, Murray, 42, 60
Weil, Simone, 360–365
Weill, Sandy, 356
Westenhiser, Jamie, 295
Westmoreland, William, 37
White, Theodore H., 74–75
Whole Foods Market, 355
Wigmore, Barrie, 81, 88–89
Wilkes-Barre, Pennsylvania, 320
Williams, John, 149, 151–152 Wolfensohn, James, 217
Wolff, Michael, 173–174
Wood, Christopher, 201
Woodward, Bob, 171, 236
WorldCom, 248
Wriston, Walter, 78

X

Xerox, 101

Y

Y2K problem, 210–211,

215–216

Yellen, Janet, 138, 171, 240, 253

Z
Zeckendorf, William, 23, 353, 355 Zeckendorf, William, III, 356 Zell, Sam, 311, 320, 325
Zipkin, Jerry, 75
Zola, Émile, 265