Behind every billionaire there is a story!

Greenspan Will Join Paulson as an Adviser

Former Federal Reserve Chairman Alan Greenspan, whom some blame for fueling a housing bubble, is signing on as an adviser to hedge-fund firm Paulson & Co., which has profited handsomely from the collapse of that bubble.

Mr. Greenspan will become a member of the New York-based fund manager’s advisory board, the firm is to announce today.

It is the third consulting contract Mr. Greenspan, 81 years old, has signed since leaving the Fed after 18 years as chairman in January 2006 and establishing his own company, Greenspan Associates. He reached similar agreements with Pacific Investment Management Co., which manages more than $700 billion mostly in fixed-income assets, and Germany’s Deutsche Bank AG last year. His memoir, “The Age of Turbulence,” was released in September and remains on the New York Times best-seller list.

read the rest published by WSJ here:

http://online.wsj.com/article/SB120036783112890507.html