A Quote by Kabir Sehgal

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

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Admitted Alan Among Belief Correcting Crisis Decades Economists Eventually Financial Financial Crisis Incorrect Last Markets Much Prevailing Rational Self Several Traditional View Were

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Kabir Sehgal

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

Bill Bonner

I served on the budget committee in the Senate, and I remember as vividly as if it were yesterday when we had a hearing in which Alan Greenspan came and justified increasing spending and cutting taxes, saying that we didn't really need to pay down the debt - outrageous in my view.

Hillary Clinton

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

Oliver E. Williamson

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

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

Steve Eisman

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

Robert Orben

Soon after the financial crisis of 2008, I was at a meeting in Washington with a group of U.S. senators. They had invited me to provide a point of view on new regulation; regulation aimed at ensuring we never have to go through the events of 2008 ever again.

Bob Diamond

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

Bill Foster

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

The Fed needs an approach that consolidates the gains of the Greenspan years and ensures that those successful policies will continue - even if future Fed chairmen are less skillful or less committed to price stability than Mr. Greenspan has been.

Ben Bernanke

And by the way, I would not only reappoint Greenspan; if Greenspan would happen to die, God forbid, I would do like they did in the movie 'Weekend at Bernie's.' I would prop him up and put a pair of dark glasses on him.

John McCain

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

You can't look back at the worst financial crisis of our lifetimes that started in 2008 and not have some important lessons about the critical nature of oversights in financial markets and institutions.