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Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan's Bank Hardcover – May 5, 2008

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Editorial Reviews

About the Author

ROBERT D. AUERBACH was an economist with the U.S. House of Representatives Financial Services Committee for eleven years, assisting with oversight of the Federal Reserve. Today he is Professor of Public Affairs at the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin.
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Product Details

  • Hardcover: 285 pages
  • Publisher: University of Texas Press (May 5, 2008)
  • Language: English
  • ISBN-10: 0292717857
  • ISBN-13: 978-0292717855
  • Product Dimensions: 6 x 1.1 x 9 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #928,788 in Books (See Top 100 in Books)

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8 of 8 people found the following review helpful By the-coelacanth on July 5, 2009
Format: Hardcover Verified Purchase
Prof. Auerbach is THE authority on the inner workings of the Fed. He is very humble gives all the credit for attempts to restrain the Fed to Congressman Gonzalez, but, he is the one did the investigating and provided the Congressman with the ammo he needed to get Greenspan to answer questions that had never been asked. This book also serves to remove the mythical "Golden" sheen surrounding Greenspan. He was no genius. I honestly believe that he never really understood what was happening to our economy. He presided over the most unregulated economy in the world, and ultimately, one of the worst meltdowns. To this day Greenspan claims he never saw it coming. This is an excellent resource for anyone who wants to understand why our economy is in the state is in today.
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10 of 12 people found the following review helpful By Mervyn Keane, Club Man on September 17, 2009
Format: Hardcover Verified Purchase
I confess that I have yet to read this book. However, about 40 years ago, Dr. Auerbach taught Economics & Finance at the UIC and I was fortunate to have taken several classes with him... I remember him as a great teacher and original thinker. He has influenced me forever and I look forward to reading this. If it's half as good as any number of the powerful statements that have stayed with me for over 4 decades, then it's a charm.

(About 6 weeks later) The book finally arrived and I read it quickly. It's rigorously researched, timely and should be required reading for anyone at all interested in banking or political economics. But please read the footnotes - Dr. Auerbach's side comments are especially enlightening and entertaining.
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6 of 7 people found the following review helpful By Amazon Customer on August 25, 2008
Format: Hardcover Verified Purchase
Auerbach- Has the credentials and the experience to back up his claims about the Federal Reserve. It is unbelievable that Americans and our Elected Officials have become so complacent and negligent in their protection of our rights and economy. One gets the impression that Auerbach's testimony is just the tip of the iceberg. Auerbach does not totally dismiss the Fed as most would but also offers suggestions on how to create better Checks and Balances for this institution which is a critical part of the US economy.
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3 of 3 people found the following review helpful By D. Skinner on November 25, 2008
Format: Hardcover Verified Purchase
Confused about what is happening in the economy? This book gives you the background to understand what has gone before and how the bad behavior at the Fed over the years has led us into our current meltdown. Between Henry Gonzalez and Henry Waxman we have two of the best minds looking at what has happened to our economy.
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Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan's Bank
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