The Sound Of Eating Crow

"Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities."

Alan Greenspan
Former US Federal Reserve chairman
October 2004


"Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity, myself included, are in a state of shocked disbelief."

Alan Greenspan
On the global financial meltdown


"The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake."

Alan Greenspan