Penguin Books just won a bidding war rumored at $8 million to publish Alan Greenspan’s memoirs. Heard they beat out competitor Random House for the rights. Random House is notable for publishing A Million Little Lies by Jim Frey. Greenspan will have a collaborator (i.e. professional writer) assigned to help him create a book, which I doubt will ever recoup their investment. Random House could have had Frey ghost-write it as a big payback. Among the bombshell revelations according to Frey: Alan cheated his way through NYU, contributed an uncredited solo on Sentimental Lady, and of course, there’s the raging affair with Ayn Rand.
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