Alan Greenspan Quotes

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

Alan Greenspan

Quote on the Housing Bubble - Sunday on ABC's This Week - December - 2007.

Share

We had a bubble in housing.

Alan Greenspan

Quote on the Housing Bubble - The NewsHour with Jim Lehrer - 18 September - 2007.

Share

I really didn't get it until very late in 2005 and 2006.

Alan Greenspan

Quote on the Housing Bubble - Reuters - 13 September - 2007.

Share

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

Quote on the Housing Bubble- Alan Greenspan's memoir The Age of Turbulence: Adventures in the New World - September 2007.

Share

There are signs of froth in some local markets where home prices seem to have risen to unsustainable levels.

Alan Greenspan

Quote on the Housing Bubble - Testimony to the House Financial Services Committee - July 2005.

Share

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in...

Alan Greenspan

Quote on the Housing Bubble - Testimony to the House Financial Services Committee - July 2005.

Share

Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.

Alan Greenspan

Quote on the Housing Bubble - May 2005

Share

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.

Alan Greenspan

Quote on the Housing Bubble - October 2004.

Share

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

Alan Greenspan

Quote on the Housing Bubble - Speech praising the benefits of adjustable-rate mortgages - 2004

Share

Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity – myself especially – are in a state of shocked disbelief.

Alan Greenspan

Share