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Financial Crisis Quotes

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The global crisis is caused by pathologies inherent in the global financial system itself  (Financial Crisis Quotes) The details of what the Fed did were kept secret until a provision in the Dodd-Frank Act that I sponsored required the Government Accountability Office to audit the Fed’s lending programs during the financial crisis.  (Financial Crisis Quotes) The 2008 financial crisis is usually attributed to vampire squid greed. There was certainly a lot of that. But it was also just as likely to have been caused by the chaos of process created by those big, sexy bank mergers when, in the name of ‘economies of scale,’ critical members of the trust and responsibility chain were cavalierly eliminated.  (Financial Crisis Quotes) Soon after the financial crisis of 2008, I was at a meeting in Washington with a group of U.S. senators. They had invited me to provide a point of view on new regulation; regulation aimed at ensuring we never have to go through the events of 2008 ever again.  (Financial Crisis Quotes) President Obama has a good sense not just of the economic requisites for financial crisis firefighting but also how you build political support for moving forward on reforming the financial system, making sure that the banks are carrying enough capital.  (Financial Crisis Quotes) The financial crisis was a classic case of the political class failing the American people. Twenty-five agencies were supposed to be minding the store during the financial crisis and every one of them was asleep at the switch.  (Financial Crisis Quotes) The housing and financial crisis could not have occurred in the absence of government housing and monetary policies.  (Financial Crisis Quotes) A financial crisis is a great time for professional investors and a horrible time for average ones  (Financial Crisis Quotes) The financial crisis is a stark reminder that transparency and disclosure are essential in today’s marketplace.  (Financial Crisis Quotes) The political ramifications of our festering financial and economic crisis have reached the sidewalks of New York, as well as other large and small cities across the US.  (Financial Crisis Quotes) With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully.  (Financial Crisis Quotes) The financial crisis happened because no-one could actually say out loud how bad things were...  (Financial Crisis Quotes) One of the very difficult parts of the decision I made on the financial crisis was to use hardworking people’s money to help prevent there to be a crisis.  (Financial Crisis Quotes) There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people.  (Financial Crisis Quotes) American business would be run better today if there was more alignment between CEOs’ interest and the company. For example, would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take a very small percentage of every mortgage-backed security... or every loan they made?  (Financial Crisis Quotes) Because we [the USA] are so powerful, our failures resonate more. In some ways, the worst victims of our institutional and elite failures, through the ripple effect of financial crisis and war, aren’t Americans  (Financial Crisis Quotes) 2009 was a tough year, but Australia rose to the challenge of the global financial crisis. It shows what can be done when we all join together and work together, governments of all persuasions state, territory and local; businesses large and small; unions and local communities right across the nation  (Financial Crisis Quotes) The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished  (Financial Crisis Quotes) I ran for Congress not because I was having a mid-life crisis. I left the private sector because I saw a looming financial crisis that was coming to this country. It’s unsustainable  (Financial Crisis Quotes) Edward Conard provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading  (Financial Crisis Quotes) I believe that the root cause of every financial crisis, the root cause, is flawed government policies  (Financial Crisis Quotes) The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship... I see a real financial crisis coming for the United States  (Financial Crisis Quotes) My daughter asked me when she came home from school, What’s the financial crisis? and I said, it’s something that happens every five to seven years.  (Financial Crisis Quotes) The current financial crisis makes it very clears that the system that we have isn’t really working, and this is the right time for us to undo things and build them in a new way.  (Financial Crisis Quotes) The egotistical ambition to always want to earn more money harms both the company and the individual himself. That is the biggest weakness of many managers - the financial crisis has proven this.  (Financial Crisis Quotes) In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables.  (Financial Crisis Quotes) I think likelier targets are [Steve] Mnuchin, the Treasury pick. When you look at his dealings during the financial crisis, that’s going to be a target rich environment, and [Rex] Tillerson.  (Financial Crisis Quotes) President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis that’s been a shame.  (Financial Crisis Quotes) Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.  (Financial Crisis Quotes) Veterans are driven by the same frustrations that the public has with what is happening in Washington... the fiscal irresponsibility and the financial crisis that our country is facing.  (Financial Crisis Quotes)
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