Quotes About Quote

with the intent of ultimately seizing their homes);

Because the loan was effectively for the benefit of Bear,

by making it costly for them to refinance.

As we emphasized at the time, we took those actions not out of any consideration for their shareholders,

Why the support for subprime lending?

had been motivated by the need to act quickly, but, on reflection, I decided that they had a point. At

the results are not impressive.

By March 2010, we would phase out the auctions completely.

The FOMC supported my recommendation, with only Esther George dissenting, as she had all year.

but acknowledged his opposition to the idea.

In an email, he recapped a particularly gloomy presentation by Martin

Legally, the decision had to be Bank of America's.

bottom-up style of forecasting. He

Don, far from an optimist himself, thought that Feldstein's outlook was too dark.

securities at a time when many investors were shying away from them.

In truth, she had far more experience in Fed policymaking than I had had on taking office.

Hank and I were accused of abusing our authority by allegedly forcing Bank of America to go through with the deal.

I told the other central bankers I appreciated their support. It was more than lip service. Each

that I couldn't blame the protesters for being dissatisfied.

Did the government make a conscious decision to let Lehman fail, and, if so, why did it go on to save AIG?

part of our mistake in 1998 was a failure to appreciate just how strong the U.S. economy was

Lloyd was obviously very bright, and I found his insights into market developments particularly useful.

interest. It looked like negotiations would wrap up over the weekend.

However, without government funding, its scope was necessarily limited. The