Editing Alan Greenspan (section)

===After the Federal Reserve===
Immediately after leaving the Fed, Greenspan formed an [[economic consulting]] firm, Greenspan Associates LLC.<ref name= "Unconcerned">{{cite news| url=https://www.washingtonpost.com/wp-dyn/content/article/2006/11/06/AR2006110600588.html |first=Nell |last=Henderson |title=Greenspan Unconcerned About Housing |newspaper= The Washington Post |date=November 7, 2006 | archive-url = https://web.archive.org/web/20080808114519/https://www.washingtonpost.com/wp-dyn/content/article/2006/11/06/AR2006110600588.html        |     archive-date = August 8, 2008 | access-date= June 14, 2022}}</ref> He also accepted an honorary (unpaid) position at [[HM Treasury]] in the United Kingdom.

On February 26, 2007, Greenspan forecast a possible [[recession]] in the United States before or in early 2008.<ref>{{cite news |agency=[[Associated Press]] |title=Greenspan Warns of U.S. Recession Risk |url=https://www.nbcnews.com/id/wbna17343814 |work=NBC News |date=February 26, 2007 |access-date=October 17, 2008}}</ref> Stabilizing corporate profits are said to have influenced his comments. The following day, the [[Dow Jones Industrial Average]] decreased by 416 points, losing 3.3% of its value.<ref>{{cite news| url=https://money.cnn.com/2007/02/27/markets/markets_0405/index.htm | work=CNN | first=Alexandra | last=Twin | title=Brutal day on Wall Street | date=February 27, 2007}}</ref>

In May 2007, Greenspan was hired as a special consultant by [[Pacific Investment Management Company]] (PIMCO) to participate in their quarterly economic forums and speak privately with the bond managers about Fed interest rate policy.<ref>{{cite news |url= https://www.reuters.com/article/ousiv/idUSN1546703720070516 |title =Pimco Hires Greenspan as Consultant: Report |work=Reuters |date=May 16, 2007 |access-date=June 22, 2009}}</ref>

In August 2007, [[Deutsche Bank]] announced that it would be retaining Greenspan as a senior advisor to its [[investment banking]] team and clients.<ref>{{cite press release |title=Alan Greeenspan to consult for Deutsche Bank Corporate and Investment Bank |publisher=[[Deutsche Bank]] |date=August 13, 2007 |url=http://www.db.com/presse/en/content/press_releases_2007_3606.htm |access-date=October 17, 2008}}</ref>

In mid-January 2008, [[hedge fund]] [[Paulson & Co.]] hired Greenspan as an adviser. According to the terms of their agreement, he was not to advise any other hedge fund while working for Paulson. In 2007, Paulson had foreseen the collapse of the sub-prime housing market and hired [[Goldman Sachs]] to package their sub-prime holdings into derivatives and sell them. Some economic commentators blamed this collapse on Greenspan's policies while at the Fed.<ref>{{cite news |last=Willard |first=Cody |date=April 16, 2010 |url=http://blogs.marketwatch.com/cody/2010/04/16/tangled-webs-greenspan-paulson-goldman-the-sec-and-cc-music-factory/ |publisher=Marketwatch.com |title=Tangled Webs: Greenspan, Paulson, Goldman, the SEC and C&C Music Factory |access-date=January 15, 2011 |archive-date=July 14, 2011 |archive-url=https://web.archive.org/web/20110714035248/http://blogs.marketwatch.com/cody/2010/04/16/tangled-webs-greenspan-paulson-goldman-the-sec-and-cc-music-factory/ |url-status=dead }}</ref><ref name=telegraph>{{cite news |last=Monaghan |first=Angela |url = https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2782593/Greenspan-joins-hedge-fund-Paulson.html |title=Greenspan joins hedge fund Paulson |work=Daily Telegraph |date=January 15, 2008 |access-date=June 22, 2009 |location=London}}</ref>

On April 30, 2009, Greenspan offered a defense of the [[H-1B visa]] program, telling a U.S. Senate subcommittee that the visa quota is "far too small to meet the need" and saying that it protects U.S. workers from global competition, creating a "privileged elite". Testifying on immigration reform before the Subcommittee on Immigration, Border Security and Citizenship, he said more skilled immigration was needed "as the economy copes with the forthcoming retirement wave of skilled baby boomers".<ref>{{cite news |title=Greenspan: H-1B Cap Would Make U.S. Workers 'Privileged Elite{{'-}} |url=http://www.computerworld.com/s/article/9132438/Greenspan_H_1B_cap_would_make_U.S._workers_privileged_elite_ |date=April 30, 2009|first=Patrick |last=Thibodeau |work=[[Computerworld]] |access-date=April 16, 2011}}</ref>