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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.

Alan Greenspan

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Alan Greenspan
Age: 98
Born: 1926
Born: March 6
Banker
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New York City
New York
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More quotes by Alan Greenspan

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...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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The number one problem in today's generation and economy is the lack of financial literacy.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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There are no easy choices. Easy choices are long gone.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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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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The Iraq War is largely about oil.
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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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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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