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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.

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
Capacity
Capacities
Technology
Borrowing
Information
Previously
Unrecognized
Practice
Practices
Lenders
Household
Households
Improvement
Improvements
Driven
Lending
Reach
Enabled

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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.
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How do we know when irrational exuberance has unduly escalated asset values?
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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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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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I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.
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It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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I'm a plain soap kind of guy.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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If prices go down, we will have problems - problems in the sense of spillover to other areas.
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Credit-default swaps, I think, have serious problems associated with them.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking
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Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.
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Deficit spending is simply a scheme for the confiscation of wealth.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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