# Special Report: Alan Greenspan Dies at 100

An episode of [Big Take](https://invisiblenetwork.ai/podcast/1578096201), 22 Jun 2026, 2:58.

Audio: https://podtrac.com/pts/redirect.mp3/tracking.swap.fm/track/UVBrz8bN8aM2Xe47PEPu/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/825d4e29-b616-46f4-afd7-ae2b0013005c/458238d6-981b-4873-8ad4-b47100d1dbb3/audio.mp3?utm_source=Podcast&in_playlist=8b1dd624-a026-43e9-8b57-ae2b00130066

Longtime former Chair of the Federal Reserve of the United States Alan Greenspan had died at 100. We're bringing you some of our coverage from Bloomberg's News Now, covering the latest global business stories around the world. See omnystudio.com/listener for privacy information.

## Transcript

[0:01] Speaker 1: News when you want it with Bloomberg News Now, I'm
[0:04] Speaker 1: Karen Moscowie bring you this special report with NBC reporting,
[0:08] Speaker 1: Former Federal Reserve Chairman Alan Greenspan has died at the
[0:12] Speaker 1: age of one hundred. We take a look at his
[0:15] Speaker 1: life and legacy with Bloomberg's John Tucker.
[0:18] Speaker 2: Greenspan was born in New York in nineteen twenty six.
[0:22] Speaker 2: He studied clarinet at New York's Juilliard School and went
[0:26] Speaker 2: on the road with a Henry Jerome orchestra. Between gigs,
[0:29] Speaker 2: he started reading books on stocks and eventually quit the
[0:33] Speaker 2: band to study business and economics at NYU. He met
[0:37] Speaker 2: libertarian icon Iron Rand in the early fifties and joined
[0:41] Speaker 2: her inner circle. She nicknamed him the Undertaker, and he
[0:45] Speaker 2: soaked up her notions about free markets. Greenspan first entered
[0:49] Speaker 2: the political scene in the late nineteen sixties. He was
[0:52] Speaker 2: sworn in as chairman of the Council of Economic Advisors
[0:56] Speaker 2: under President Ford, and in nineteen eighty seven, Ronald Reagan
[1:00] Speaker 2: appointed Greenspan to head up the Federal Reserve.
[1:03] Speaker 3: It's my pleasure to welcome Alan Greenspan.
[1:06] Speaker 2: He'd go on to serve an unprecedented five terms Greenspan
[1:10] Speaker 2: cultivated a wizard like aura, with markets holding their collective
[1:14] Speaker 2: breadth ahead of his often cryptic comments. His mention of
[1:17] Speaker 2: aterrational exuberance in the markets briefly since stocks tumbling around
[1:22] Speaker 2: the world. His legacy would be challenged when the financial
[1:25] Speaker 2: crisis erupted less than two years after he stepped down.
[1:29] Speaker 2: He wouldn't be spared in the blame game that followed.
[1:32] Speaker 2: The chairman of the Financial Crisis Inquiry Commission was Phil Angelid's.
[1:36] Speaker 2: My view is you could have, you should have, and
[1:39] Speaker 2: you didn't. And I do think this is one area
[1:41] Speaker 2: we have to explore.
[1:42] Speaker 3: The issue of retrospective and figuring out what you should
[1:46] Speaker 3: have done differently is a really futile activity because you can't,
[1:50] Speaker 3: in fact, in the real world do it. I was
[1:53] Speaker 3: right seventy percent of the time, but I was wrong
[1:55] Speaker 3: for thirty percent of the time.
[1:57] Speaker 2: He later insisted to Bloomberg the meltdown was a once
[2:00] Speaker 2: in a century event that no one could see coming.
[2:03] Speaker 3: Everybody missed it, academia, the Federal Reserve, all regulators.
[2:07] Speaker 2: Late in retirement, and other crisis would emerge. Green Span
[2:11] Speaker 2: spoke again to Bloomberg during the height of the pandemic virus.
[2:16] Speaker 4: Is creating a major element of uncertainty, and so we
[2:22] Speaker 4: have to deal with it. Forecasting it is very precarious.
[2:26] Speaker 2: The thing he loved most was as doctor Greenspan to
[2:30] Speaker 2: diagnose the patient, which was the economy. John Tucker, Bloomberg.
[2:35] Speaker 1: Radio, all right, John, thank you, and again NBC reporting
[2:38] Speaker 1: former Federal Reserve Chairman Allan Greenspan has died at the
[2:42] Speaker 1: age of one hundred. The cause was said to be
[2:45] Speaker 1: complications of Parkinson's disease. That's news when you want it
[2:49] Speaker 1: with Bloomberg News. Now. I'm Karen Moscow and this is
[2:53] Speaker 1: Bloomberg News.

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