"Any informed borrower is simply less vulnerable to fraud and abuse"

This quote by Alan Greenspan suggests that when a borrower is educated, they are less most likely to be capitalized on or scammed. This is since they are much more knowledgeable about the possible risks as well as risks associated with obtaining money. They are also more likely to be able to identify any questionable activity or red flags that can indicate a scam. Moreover, an educated customer is most likely to be able to work out far better conditions for their funding, as they are much more educated regarding the procedure. This can help them to avoid being taken advantage of by lending institutions who might be attempting to make the most of their lack of understanding. Eventually, this quote is a tip that knowledge is power, and that being notified can help to safeguard borrowers from fraudulence as well as abuse.