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Greenspan Admits Iraq was About Oil, As Deaths Put at 1.2 Million The man once regarded as the world's most powerful banker has bluntly declared that the Iraq war was 'largely' about oil. Appointed by Ronald Reagan in 1987 and retired last year after serving four presidents, Alan Greenspan has been the leading Republican economist for a generation and his utterings instantly moved world markets.

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Greenspan Admits Iraq was About Oil, As Deaths Put at 1.2 Million

The man once regarded as the world's most powerful banker has bluntly declared that the Iraq war was 'largely' about oil.

Appointed by Ronald Reagan in 1987 and retired last year after serving four presidents, Alan Greenspan has been the leading Republican economist for a generation and his utterings instantly moved world markets.