Alan Greenspan - Risk Quotes

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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

This modern risk-management paradigm held sway for decades. The whole intellectual edifice, however, collapsed in the summer of last year.

Alan Greenspan

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

Alan Greenspan