How did Greenspan Know about the London Bombings Two Days before? by Mike Whitney

Two days before the London subway bombings, Fed-Master Alan Greenspan flushed nearly $40 billion in liquidity into financial markets. The sudden activity was an astonishing departure from the current policy of tightening interest rates to stifle inflation. The Chairman has not explained his erratic behavior, but there’s growing speculation that Greenspan may have had information about the likelihood of terrorist attacks and decided to “preemptively” head-off a run on the markets. As it turns out, his actions may have been a positive factor in stabilizing the market following the incident, (check: The Cunning Realist; “following the money” for more on the Fed’s unusual action: but that doesn’t address the larger issue of whether Greenspan had inside information that an attack was imminent.