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Crisis Quotes

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Crisis Quotes

“Those who have a lot of money in Greece invest in housing abroad. It's all immoral. The Greek crisis is structural, but also political.”

Political Crisis Greek Lots Of Money Immoral Housing Greece

Author:Evangelos Venizelos

“These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

People Kind Two Problem Term Company Pressure Crisis Financial Entity Housing Affordable Macs Financial Crisis Mae Affordable Housing

Author:Barney Frank

“Unfortunately, throughout the housing crisis we've seen innocent homeowners who have been victims of shady mortgage lenders and unscrupulous individuals who have used a down market to line their own pockets at the expense of others. This bill is designed to send a message by revising our laws to ensure criminals are brought to justice and that law enforcement has the tools to uncover these fraudulent schemes and go after the bad actors. Criminals should be put on notice that ripping off homeowners and taxpayers won't be tolerated.”

“Louisville, Colorado, which was just voted by CNN and Money magazine as the best place to live, is a veritable Whitopia that is unaffected by the housing crisis and even the severe recession. You look at the best places to live, according to Money's 2009 list, and 9 of the 10 are Whitopias.”

Looks Crisis Lists Magazines Severe Housing Recessions Cnn Places To Live Colorado Best Place Louisville Housing Crisis

Author:Richard Benjamin

“The housing and financial crisis could not have occurred in the absence of government housing and monetary policies.”

Government Policy Crisis Financial Absence Housing Monetary Financial Crisis Monetary Policy

Author:Sheldon Richman

“I bought a house right before the housing crisis happened. So I paid too much and then I was stuck with it for a long time. So that was sad for me. I was like, "I'd better make a movie about this to get it out of my system."”

Long House Too Much Happened Long Time Paid Crisis Stuck Housing Housing Crisis

Author:Hamish Linklater

“The housing crisis may not be the worst thing that's happened to New York City because it was becoming impossible for some of the young doctors, for some of the young artists, for some of the people that make the city so special to be able to live here.”

People May Able Young Artist Cities Impossible Happened Worst Special New York Becoming Doctors Crisis New York City Worst Things Housing Young Artists Housing Crisis

Author:Juan Enriquez

“In fact, Donald [Trump] was one of the people who rooted for the housing crisis.”

People Facts Trump Crisis Rooted Housing Housing Crisis

Author:Hillary Clinton

“Anyone that says the housing crisis can be resolved with one magic bullet or by the next election isn't being honest.”

Next Magic Honest Election Crisis Being Honest Bullets Housing Housing Crisis

Author:David Lammy

“It is no exaggeration to say that rising inequality has driven many of the 99 percent into a financial ditch. It also helped spawn the housing bubble that gave us the financial crisis of 2008, the lingering effects of which have forced many OWS protesters to try to launch their careers in by far the most inhospitable labor market we've seen since the Great Depression. Even those recent graduates who manage to find jobs will suffer a lifelong penalty in reduced wages.”

“The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.”

Years Facts Bigs Crisis Investment Including Financial Investors Housing Financial Crisis Betting Housing Crisis Housing Market

Author:James Surowiecki

“From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.”

“Gaza will become part of sovereign Israel and will be populated by Jews. This will also serve to ease the housing crisis in Israel”

Crisis Jew Israel Ease Sovereign Housing Gaza Housing Crisis

Author:Moshe Feiglin

“I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.”

Problem Would Be Difficult Crisis Complexes Financial Broads Mistaken Housing Financial System

Author:Ben Bernanke

“Increasing access to federal student loans has been a bipartisan effort in Washington, one that I have supported. But it has created what many experts believe is a bubble in higher education, not unlike the housing bubble that preceded the financial crisis.”

Source: American Dreams: Restoring Economic Opportunity for Everyone