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I was aware that the loosening of mortgage credit terms for subprime borrowers increased financial risk. But I believed then, as now, that the benefits of broadened home ownership are worth the risk.

— Alan Greenspan

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More quotes by Alan Greenspan

When trust is lost, a nation's ability to transact business is palpably undermined.

The Age of Turbulence (2008)

Globalization was exerting a dis-inflationary impact.

The Age of Turbulence (2008)

I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.

The Age of Turbulence (2008)

In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

The Age of Turbulence (2008)

Modern dynamic economies do not stay still long enough to allow for an accurate reading of their underlying structures.

The Age of Turbulence (2008)

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Quote text and notes from Wikiquote: Alan Greenspan (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.