“The financial crisis in our country is not a passing storm. Given the size of the problems, our national effort will not be completed in 2012. It will take many years and will require the efforts and insistence of several governments.” YearsCountryProblemGovernmentGivenEffortCrisisFinancialSizeStormPassingPassingsOur CountryFinancial CrisisInsistence Author:Lucas Papademos
“The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge.” EndsCountryStatesPoliticalSocialChallengesEconomicDramaUnionsHistoricalProfoundFinancialRussiaRuinsSovietSoviet Union Author:Jeffrey Sachs
“Treason is when legislators vote against homeland security measures because it goes against the wishes of their political or financial backers. Treason is the fact that, as a terrorist, you could still buy a gun in this country because the NRA lobby is so strong.” StillsCountryFactsPoliticalStrongWishSecurityGunVoteFinancialTerroristHomelandTreasonLegislatorsNraHomeland SecuritySecurity Measures Author:Bill Maher
“We're comfortable financially, so it wasn't a financial issue that I voted Conservative. Basically, it was for the same reason we voted for Diefenbaker. First it was Mackenzie King, then St. Laurent -- Christ, the Liberals were in something like 20 years in a row (22 actually) --and we simply needed a change. It was getting like a dictatorship. Whether elected or not, that's not good for the country. I didn't go to war for a dictatorship.” YearsFirstsWarCountryReasonChristIssuesKingsNeededComfortableFinancialConservativeDictatorship Author:Don Drysdale
“Newt Gingrich says he wants to get rid of Social Security. Who is more qualified to give this country financial advice than a guy who ran up a half-million dollar bill at Tiffany?” WantGivingCountryGuySocialHalfMillionsAdviceSecurityBillsDollarsFinancialRanSocial SecurityQualifiedMillion DollarsNewtsDollar BillsFinancial Advice Author:David Letterman
“The whole financial structure of Wall Street seems to rise or fall on the mere fact that the Federal Reserve Bank raises or lowers the amount of interest. Any business that can't survive a one percent change must be skating on thin ice. Why even the poor farmer took a raise of another ten percent just to get a loan from the bank, and nobody from the government paid any attention. But you let Wall Street have a nightmare and the whole country has to help to get them back into bed again.” CountryWholeFactsHelpingSeemsGovernmentFallInterestPoorAttentionStreetsWallAmountBedTenPercentEconomicsPaidRaisesStructureMereFinancialIceNightmareFarmersReservesLoanSkatingFederal ReserveSkating On Thin Ice Author:Will Rogers
“It would convert the Treasury of the United States into a manufactory of paper money. It makes the House of Representatives and the Senate, or the caucus of the party which happens to be in the majority, the absolute dictator of the financial and business affairs of this country. This scheme surpasses all the centralism and all the Caesarism that were ever charged upon the Republican party in the wildest days of the war or in the events growing out of the war.” WarCountryStatesHappensHouseUnitedPartyUnited StatesGrowingEventsRepublicanPaperAbsolutesMajorityAffairFinancialSenateRepresentativesDictatorSchemesRepublican PartyTreasuryHouse Of RepresentativesCaucusPaper Money Author:James A. Garfield
“Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones. It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.” MayCountryProcessDifficultBallsResponseFinancialInternationalCongressConclusionSupposed To BeShockIngredientsSwingsKnockingEquilibriumFinancial MarketsPendulumsFluctuationFinancial SystemMeltdownsInterim Author:George Soros
“As the United States continues its slow but steady recovery from the depths of the financial crisis, nobody actually wants a massive austerity package to shock the economy back into recession, and so the odds have always been high that the game of budgetary chicken will stop short of disaster. Looming past the cliff, however, is a deep chasm that poses a much greater challenge -- the retooling of the country's economy, society, and government necessary for the United States to perform effectively in the twenty-first century.” WantFirstsCountryStatesGovernmentPastGamesChallengesUnitedUnited StatesEconomyGreaterCenturyTwentiesCrisisDepthFinancialDisasterRecoveryShockMassiveChickensSteadyOddsPackagesCliffsRecessionsFinancial CrisisChasmsAusterityLooming Author:Fareed Zakaria