A Quote by Bill Bonner

No man bears more responsibility for the present worldwide financial crisis and coming depression than Alan Greenspan.

Bill Bonner

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Alan Bears Coming Crisis Depression Financial Financial Crisis Man More Present Responsibility Than Worldwide

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Bill Bonner
American - Author
Born: September 8, 1948

For the last several decades, there was a prevailing belief among traditional economists that the markets were rational and self-correcting. Alan Greenspan advocated this view. But the 2008 financial crisis showed that this view is incorrect, and Greenspan eventually admitted as much.

Kabir Sehgal

When the former Fed chairman was in, Alan Greenspan was in, there was a saying back in those days that you called the 'Greenspan put.' Any time the treasury secretary - for the Fed chairman - said something, the market saw that as good news, and it took off.

Scott Garrett

The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.

Thomas Pogge

There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.

John Kenneth Galbraith

There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.

Jean-Francois Cope

We believe digital payments are making financial services more universally affordable, accessible and, therefore, have the opportunity to drive financial inclusion and financial health for billions worldwide.

Dan Schulman

Alan Greenspan is the worst Chairman of the Fed in history.

Steve Eisman

If you look at what happened, I came in the middle of the worst financial crisis since the Great Depression. And unlike Franklin Delano Roosevelt who waited, well, didn't take office until about three years into the Great Depression, it was happening just as I was elected.

Barack Obama

You wouldn't want Alan Greenspan to write the instructions for assembling a beach chair.

Robert Orben

If you believe that markets operate in Alan Greenspan fashion, then you don't inquire into the details.

Oliver E. Williamson

The financial crisis of 2008 created a seismic shift in the dynamics of trust in financial services. FinTech would have happened without the global financial crisis - but it would have taken much longer.

Taavet Hinrikus

September and October of 2008 was the worst financial crisis in global history, including the Great Depression.

Ben Bernanke

Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.

Andrew Lo

Alan Greenspan is going to go down in history as one of the worst Federal Reserve chairmen ever.

Bill Foster

I ran for Congress not because I was having a mid-life crisis. I left the private sector because I saw a looming financial crisis that was coming to this country. It's unsustainable.

Steve Daines

One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it.

Robert J. Samuelson

A Quote by Bill Bonner

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