Quote by: Alan Greenspan

The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.

Alan Greenspan

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Related Keywords: Debt Cannot Unless Profitable Very Contagion

Related Authors: Winston Churchill Adolf Hitler Thomas Jefferson Benjamin Franklin Eleanor Roosevelt George Washington Bill Gates

Author Bio

  • NameAlan Greenspan
  • Description13th Chairman of the Federal Reserve in the United States
  • BornMarch 6, 1926
  • CountryUnited States Of America
  • ProfessionEconomist; Banker; Politician; Entrepreneur; Jazz Musician
  • AwardsKnight Commander Of The Order Of The British Empire; Presidential Medal Of Freedom