We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to … - Alan Greenspan

Same topic Authors

Quote of the day

These pigeons have been living with each other for 10 or 15 years, but when I throw feed down, they kill each other to get it, and it's the same with the fighters. We love and respect each other. . . but we need that money.

Alan Greenspan

We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.

Credit, Government, Looked, Measures, Self, Unprecedented

Same Author Quotes

But rules cannot substitute for character.

Character, Rules, Substitute, Substitutes

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.

Economy, Know, Stock, Talking, Today

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so. . .

Expectations, Ignorance, Lack, Reality, Regulators, Required

Credit-default swaps, I think, have serious problems associated with them.

Associated, Credit, Serious, Swaps, Think, Thinking

I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it. We make a good team.

Fun, Next Day, Policy, Politics, Team, Wife