Greenspan is an Arn Rand devotee.
While he was Fed chairman Arn Rand Objectivism philosophy influenced his decisions and that influence it is speculated lead to his poor policy decisions that contributed to the financial crisis.
Especially in the area of unregulated derivatives which Warren Buffett labeled "financial weapons of mass destruction".
Buffett was right Greenspan was wrong.
Greenspan was shocked when the banks did not act in the best interests of the shareholders and their firms and failed.
It violated his philosophy.
One of Rand's most famous devotees is Alan Greenspan, the former chairman of the Federal Reserve, whose memoir, "The Age of Turbulence," will be officially released Monday.