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.
--
September 2007, Greenspan's memoir The Age of Turbulence: Adventures in the New World.Alan Greenspan
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Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts... We have a subprime financial system, not a subprime mortgage market.
Nouriel Roubini
Incredibly, at this critical juncture in financial history, after which so much changed so quickly, the only constraint in the subprime mortgage market was a shortage of people willing to bet against it.
Michael Lewis
To love is to risk not being loved in return. To hope is to risk pain. To try is to risk failure, but risks must be taken, because the greatest hazard in life is to risk nothing.
Leo Buscaglia
Obviously I would hope that women would be discouraged from having abortions if they know that there's an increased risk, but clearly if we care about women we should want them to know about this elevated risk. What's the damage of women being told some people think there's a link between abortion and breast cancer? What does that hurt? ... All I've said is that studies show that there is a statistical link between abortion and breast cancer, an increased risk, and women before they have an abortion should be told. That's what I believe.
Bill Sali
Here's the essence of risk management: Risk no more than you can afford to lose, and also risk enough so that a win is meaningful. If there is no such amount, don't play.
Ed Seykota
Greenspan, Alan
Greenwell, Dora
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