Alan Greenspan does not believe human tendencies apply to bankers. Alan Greenspan must think we are fools. Alan Greenspan is obiously a fool.
“Through all of my experience, what I never contemplated was that there were bankers who would purposely misrepresent facts to banking authorities,” Alan Greenspan, chairman of the U.S. Federal Reserve from 1987 to 2006, said in a phone interview. “You were honor-bound to report accurately, and it never entered my mind that, aside from a fringe element, it would be otherwise. I was wrong.”
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