Indeed only such highly liquid portfolios would be consistent with (government-sponsored enterprises') mission of providing primary mortgage market liquidity during a crisis, particularly a financial crisis,
More Quotes from Alan Greenspan:
I can safely say there is no endeavor to coordinate an interest rate cut,Alan Greenspan
Lower equity prices and higher financing costs should damp household and business spending, and greater uncertainty and risk aversion may also lead to more cautious spending behavior,
Alan Greenspan
If no action is taken at all ... we're going to be confronted within a few years with a marked upward ratcheting of long-term interest rates, which is very debilitating to long-term economic growth,
Alan Greenspan
We are not starting off with the proposition that inflation is a big bogey and that we will construct all sorts of arguments ... thwart it,
Alan Greenspan
... the flexibility of our market-driven economy has allowed us, thus far, to weather reasonably well the steep rise in spot and futures prices for crude oil and natural gas that we have experienced over the past two years,
Alan Greenspan
The word 'measured' is more of a plan than a pledge,
Alan Greenspan
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Based on Topics: Finance QuotesBased on Keywords: government-sponsored
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