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Crisis Quotes

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Crisis Quotes

“Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.”

Years Three Born Five Crisis Dues Significant Maturity Five Years Bullets Loan Mortgage Great Depression 1930s Foreclosure Dodging Bullets

Author:Mark Zandi

“Your system was liable to periodical convulsions, business crises at intervals of five to ten years, which wrecked the industries of the nation.”

Years Nations Five Industry Ten Crisis Intervals Liable

Author:Edward Bellamy

“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.”

Years Said Home Happens School Five Daughter Crisis Seven Financial My Daughter Seven Years Financial Crisis

Author:Jamie Dimon

“Despite all the dire predictions made in 2001, the Afghans have given the international community, its aid workers and soldiers a large window of opportunity to repair the damage done by 25 years of war. That window, which has stayed open for nearly five years, with amazing good will from the Afghans, is threatening to close unless the world wakes up and deals with the crisis.”

“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.”

People Political Class Cases Five Failing Twenties Crisis Financial Stores Supposed To Be Classic Agency Twenty Five Financial Crisis

Author:Carly Fiorina

“Fannie Mae and Freddie Mac - two bloated and corrupt government-sponsored programs - contributed heavily to the crisis.In order to prevent another crisis, we need to do what we should have done years ago - reform Fannie Mae and Freddie Mac. We also need to repeal Dodd-Frank, the Democrats' failed solution. Under Dodd-Frank, 10 banks too big to fail have become five banks too big to fail. Thousands of community banks have gone out of business.”

Needs Should Years Two Done Bigs Government Order Community Gone Five Failing Solutions Years Ago Program Should Have Crisis Democrat Reform Frank Macs Mae Corrupt Government Dodd Frank

Author:Carly Fiorina

“he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt.”

Quality Economy Five Percent Crisis Rate Credit Debt Favors Cards Saving Zero Terrified Economist Savings Irresponsible Mortgage Credit Card Craftsmanship Mortgage Crisis

Author:Denis Hayes

“At this moment, everyone is in crisis, not only in Italy but all over Europe. Only in America do they make films that are successful all over the world. In Europe, production is quite poor. We have three or four or five films, which is not enough.”

World Enough Moments America Film Three Poor Successful Five Four Europe Crisis Productions Only In America

Author:Sophia Loren

“I'm in crisis. I'm about to bump with a five-foot chino-chicano.”

Five Feet Crisis Bumps

Author:Megan McCafferty

“The 'environmental crisis' has happened because the human household or economy is in conflict at almost every point with the household of nature. We have built our household on the assumption that the natural household is simple and can be simply used. We have assumed increasingly over the last five hundred years that nature is merely a supply of 'raw materials,' and that we may safely possess those materials by taking them.... And so we will be wrong if we attempt to correct what we perceive as 'environmental' problems without correcting the economic oversimplification that caused them.”

Source: What Matters?: Economics for a Renewed Commonwealth