Alan Greenspan, former Federal Reserve chair, is facing renewed scrutiny regarding his role in the 2008-09 global financial crisis. While once lauded for innovative policies and fostering investor confidence, his tenure is now heavily associated with the conditions that led to the economic downturn. Some observers credit Greenspan with modernizing the Federal Reserve and providing crucial guidance to markets. However, critics point to his policies, particularly regarding deregulation, as contributing factors to the crisis. The debate centers on whether his emphasis on market liberalization ultimately created unsustainable risks. Despite initial praise, Greenspan’s legacy remains complex and controversial, inextricably linked to the fallout of the financial crisis. His impact continues to be debated by economists and policymakers today.