“We have created new idols. The worship of the ancient golden calf (cf. Ex 32:1-35) has returned in a new and ruthless guise in the idolatry of money and the dictatorship of an impersonal economy lacking a truly human purpose. The worldwide crisis affecting finance and the economy lays bare their imbalances and, above all, their lack of real concern for human beings; man is reduced to one of his needs alone: consumption.” MenNeedsHumansRealPurposeHuman BeingsEconomyWorshipConcernCrisisLaysAncientGoldenFinanceIdolsDictatorshipConsumptionConsumerismLackingExesRuthlessIdolatryOverconsumptionGuiseImbalanceCfsCalves Author:Pope Francis
“Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.” RunningCertainCrisisInstitutionsStructureFinancialFinanceVulnerabilityTestedParticipants Author:Alan Greenspan
“Carolyn Maloney has extensive - she's shown over and over again her creativity, her determination, her tenacity in fighting for women's rights. She has passed a host of bills in many different areas, both national and global, with both national and global importance for women, and she's on a Chair of Finance Committee so essentially in this economic crisis, we thought she would be perfect.” DifferentWould BeFightingPerfectCreativityRightsEconomicAreasDeterminationImportanceCrisisBillsFinanceChairsHostWomens RightsCommitteesTenacityEconomic Crisis Author:Eleanor Smeal
“The G20 was established as a forum to discuss, first and foremost, world economic issues. If we load it with... Of course, politics affects economic processes, this is obvious, but if we bring some squabbles, or not squabbles, rather, some matters that are really important but relate purely to world politics, we will overload the G20 agenda and instead of addressing such issues as finance, structural economic reforms, tax evasion and so forth, we will engage in endless debates concerning the Syrian crisis or some other global challenges, of which there are many, or the Middle East problem.” IfsWorldFirstsImportantMatterProblemCoursesProcessChallengesIssuesEconomicMiddleTaxesCrisisObviousEastDebateEndlessFinanceReformRelateAgendasMiddle EastLoadForumsEvasionOverloadEconomic IssuesSquabblesWorld PoliticsEconomic ReformsTax Evasion Author:Vladimir Putin
“When I was a Senator from New York, I represented and worked with so many talented principled people who made their living in finance. But even thought I represented them and did all I could to make sure they continued to prosper, I called for closing the carried interest loophole and addressing skyrocketing CEO pay. I also was calling in '06, '07 for doing something about the mortgage crisis, because I saw every day from Wall Street literally to main streets across New York how a well-functioning financial system is essential.” PeopleWellsMadeInterestPaySawsStreetsNew YorkWallCallingEssentialsCrisisFinancialFinanceSenatorsCeoClosingMortgageLoopholesPrincipledFinancial SystemMain StreetMortgage Crisis Author:Hillary Clinton
“We've learned our lesson with finance because they made a huge goddamn explosion that almost shut down the world. But the thing I realized is that there might never be an explosion on the scale of the financial crisis happening with big data.” WorldMadeBigsMightHugeLessonsHappeningsCrisisFinancialI RealizedScalesFinanceDataExplosionsFinancial Crisis Author:Cathy O'Neil
“People in America get really angry at the Federal Reserve and at the "money system" in general during economic crises. The Fed draws hostility because of its power, its insulation from democratic accountability, its lack of transparency, and because of its historical and structural connections to finance.” PeopleAmericaEconomicDrawsConnectionsCrisisAngryHistoricalDemocraticFinanceAccountabilityFedsReservesHostilityGet RealTransparencyFederal ReserveEconomic CrisisInsulation Author:Gerald Epstein
“What's going on in Syria is the worst humanitarian crisis since World War II. And we are punishing those who are suffering most in this circumstance, in this condition. We vet refugees from Syria for a period of 18 to 24 months before they're allowed to come to the United States. And, you know, if you will permit me, I think we know more about them by the time they get here than we know about the president's finances.” ThinkingWorldWarSufferingWorstCircumstancesCrisisHumanitarianFinanceWar Of The WorldsWorld War IiWorld War ISyriaRefugee Author:Daniel Benjamin
“You know what's truly weird about any financial crisis? We made it up. Currency, money, finance, they're all social inventions. When the sun comes up in the morning it's shining on the same physical landscape, all the atoms are in place.” KnowsMadeSocialMorningSunCrisisShiningFinancialCome UpInventionFinanceMade ItLandscapeAtomsCurrencyFinancial Crisis Author:Bruce Sterling
“I'm quite worried about the fiscal imbalances that we've got and what that might mean in terms of financial crisis ahead.” InspirationalMeanMightTermChallengesBusinessCrisisFinancialFinanceWorriedFinancial CrisisImbalance Author:Bill Gates
“Whenever there is a a financial crisis, it is always the banks that get hit.” CrisisFinancialFinanceFinancial Crisis Author:Gordon Wu