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Indeed, better risk management may be the only truly necessary element of success in banking.

Alan Greenspan

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Alan Greenspan
Age: 98
Born: 1926
Born: March 6
Banker
Economist
Entrepreneur
Jazz Musician
Politician
New York City
New York
Necessary
Truly
Risk
Success
Banking
May
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Indeed
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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These days, even out of office, I still read economic reports.
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I love facts and figures. It's like following a detective story, piecing together what's going on in the economy.
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