"Alan Greenspan says he would start a bank if he were 60 years younger"
Yet it wasn't a joke (apparently). This from the Wall Street Journal today:
"Mr. Greenspan joked that if he were "60 years younger" he would start a small bank, given the "very wide" spread between rates on good loans and the cost of capital...For a bank, that's like "shooting fish in a barrel," Mr. Greenspan said." (link)
Mr Greenspan is a man who knows a thing or two about negative real interest rates and the cost of capital. But somewhat less about "good loans". His borrowers would love him; his shareholders would be wise to check the collateral.
NB: Painting by Geoffrey Raymond. Check out his blog here.