60 Minutes Season 40 Episode 2 Alan Greenspan, Swimming with Sharks

Alan Greenspan, Swimming with Sharks is the second episode of the 40th season of the investigative news program 60 Minutes. In this episode, the program takes a deep dive into the life and career of former Federal Reserve Chairman Alan Greenspan.

The episode features a rare interview with Greenspan, who reflects on his time at the Fed and the economic crises he faced during his tenure, such as the 1987 stock market crash and the 2008 financial crisis. He also speaks candidly about his reputation as a "maestro" of the economy and the criticisms that he failed to foresee or prevent the 2008 collapse.

The program also explores Greenspan's early life and career, including his time as a jazz musician and his early days in economics. Greenspan admits that he didn't fully grasp the extent of his influence until he became Fed chairman in 1987, and he discusses the challenges of navigating the politics of the Fed.

In addition to the interview with Greenspan, the episode also looks at the role of the Federal Reserve in regulating the economy and the influence of Wall Street on the political process. The program features interviews with economists, financial experts, and lawmakers, who provide context and analysis for Greenspan's career and the broader economic issues at stake.

Finally, the episode explores Greenspan's personal life and interests, including his love of scuba diving and his fondness for Ayn Rand's philosophy of objectivism. Through interviews with Greenspan's friends and family members, the program paints a portrait of a multifaceted and often enigmatic figure who remains one of the most influential economists of our time.

Overall, Alan Greenspan, Swimming with Sharks offers a comprehensive look at the life and career of one of America's most influential economists, while also shedding light on the broader economic and political issues that continue to shape our world today.