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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
TED DAVID, CNBC ANCHOR: Obviously, not everyone agrees on Chairman Greenspan`s legacy. Was he good for the economy, and just how closely should his successor follow in his footsteps? Joining us now is Ed Groshans, mortgage analyst at Fox-Pitt Kelton and former Fed examiner. Good to see you. He thinks the Greenspan legacy is considerable. In Dallas, Ravi Batra, economics professor at Southern Methodist University, and author of "Greenspan`s Fraud." Gee, I wonder what you think of Chairman Greenspan.
Listen, here`s what I want to do, gentlemen. Here`s the format. One minute opening statement each, and then a free and open exchange. Based on the alphabet, Batra goes first. Ravi, go ahead.
RAVI BATRA, PROFESSOR, SOUTHERN METHODIST UNIVERSITY: Well, I just heard about all the good things that Greenspan has done to the economy. But one thing they forgot, and that was that he created a stock market bubble. And the bubble crashed in the end. I wish I could explain it in one minute, but I`ll...
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