“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

September 2007 http://www.startribune.com/nation/12598281.html, Greenspan's memoir The Age of Turbulence: Adventures in the New World. <br class="br">2000s

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Alan Greenspan51

13th Chairman of the Federal Reserve in the United States 1926

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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.”

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Alan Greenspan51

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