Alan Greenspan

“He hired this young economist as a consultant named Alan Greenspan, and he had his red phone that went off when news broke and they would try to beat everybody else in trading kind of thing.”

“We entered an era with Greenspan of a fairly decent kink in the cumulative debt curve. It had been drifting up very slowly, and then it started to rise very rapidly since his era. What you notice is that despite the fact that the debt ratio Per unit of GDP has…”

“My biggest investment peeve is that the Greenspans and the Larry Summers, they get away with murder. I call them the Teflon men. I was heartbroken when they kept getting reappointed by new presidents that I had higher hopes for, even as they had just presided …”

“Greenspan and Summers and Levitt of the SEC waged war against the CFTC doing its job of regulating subprime instruments. They each, in turn, called up Brooksley Bourne, who was the boss, a lady of iron nerve and principle. They harangued her, saying, what are …”

“The American housing market had famously bubbled in Chicago and bust in California, bubbled in Florida, etc. Never altogether until Greenspan and Bernanke.”