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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.

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.

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Alan Greenspan
Attribution: attributed
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Supplied reference C; CSV row 432548; supplied attribution, independently unverified

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