"I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive"

In this quote, Alan Greenspan, the former Chairman of the Federal Reserve, is assessing his substantial experience with Wall Street and the developing relationship between the financial sector and the federal government. Greenspan's period on Wall Street began in 1949, providing him a broad historical point of view on the characteristics between banks and federal government policies.

Greenspan keeps in mind an unprecedented level of displeasure between Wall Street and the federal government, suggesting that this stress is something new or at least significantly more noticable than in previous years. This animosity could refer to regulatory measures, political rhetoric, or ideological differences relating to economic policy and the function of monetary markets.

He reveals unpredictability about the origin of this displeasure however hints at a deeper societal issue. The "basic schism" Greenspan refers to might indicate a growing divide in societal worths, political ideologies, or economic approaches. This schism may manifest as varying opinions on regulation, corporate accountability, taxation, and the role of federal government intervention in markets. These distinctions can lead to controversial arguments and policies that might appear antagonistic to banks.

Moreover, Greenspan's usage of the term "ever more harmful" underscores his concern about the potential consequences of this animosity. A broadening rift in between the federal government and Wall Street might hinder efficient policymaking, develop market instability, and minimize trust in both entities. This can detrimentally affect financial growth and societal well-being.

In general, Greenspan's quote reviews the complex and typically adversarial relationship in between two crucial pillars of the U.S. economy. It acts as a caution of the possible negative effect of continuous disputes and divisions, advising a need for discussion and cooperation to resolve wider societal concerns that add to this animosity.