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Greenspan to write his memoirs
Former Fed boss to get an estimated $8.5M to $9M for his story; would be second-highest non-fiction deal in history, paper reports.

NEW YORK (CNNMoney.com) - Recently retired Federal Reserve Chairman Alan Greenspan has signed a book deal with The Penguin Press to publish his memoirs.

Pearson Plc., the parent company of Penguin, told Reuters the book is slated for release in 2007, but would not reveal how much money the "Maestro" would receive in exchange for his life story or whether he would use a ghost writer.

Former Federal Reserve Chairman Alan Greenspan
Former Federal Reserve Chairman Alan Greenspan
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Citing publishing sources, the New York Post reported earlier the deal was worth an estimated $8.5 million to $9 million. If so, the former Fed chief would receive the second-highest advance ever for a work of nonfiction, trailing former President Bill Clinton, who received $12 million for his memoir "My Story," according to the newspaper.

Penguin, who beat out other bidders such as the Knopf imprint of Random House Inc. as well as Harper-Collins, will have world rights as part of the deal, allowing the publishing house to collect profits from book sales overseas, the Post reported.

An attorney representing Greenspan did not return calls from the newspaper.

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.