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Crisis Quotes

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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?”

“In appointing our Ambassador to the United States at this important time, with the 1936 crisis ahead, such considerations as dignity, past career, equity and sentiment must be discarded and a man of ability chosen in the interests of the country. In the light of these considerations, we find Hiroshi Saito, present Minister of Holland, the right person for the post.”

“It's a tale of redemption. It's a tale of a girl who is going on a journey, who makes mistakes as most young people do... the credit card companies love sending you credit cards so you exceed your limit and they can charge you interest. And this is a girl who overcomes her problems and figures a way out of her financial crisis, and hopefully the world will do the same thing.”

“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.”

“Critics, often for good reason, are concerned that the Fed is wielding its vast powers in the interests of the banks and not in the interests of the people. After the financial crisis, Americans have perceived that the banks have been bailed out, but a significant proportion of the population is still in serious economic trouble.”

“In the midst of the East Asian crisis, there were choices. One choice would have been to encourage countries to implement a bankruptcy law that could have threatened the interests of the lenders. Workers' rights should be a central focus of development. But nowhere did issues of workers' rights, including the right to participate in the decisions which would affect their lives in so many ways, get raised.”

“Perhaps the most powerful lesson other brands can learn from Nike is the need to act in accordance with the reality of the world we live in. In a mutually dependant, intimately connected global community facing several major crises, brands need to operate with an expanded definition of self-interest that includes the greater good.”

“This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.”

“On the way from the Renaissance to our days we have enriched our experience, but we have lost the concept of a Supreme Complete Entity which used to restrain our passions and our irresponsibility. We have placed too much hope in political and social reforms, only to find out that we were being deprived of our most precious possession: our spiritual life. In the East, it is destroyed by the dealings and machinations of the ruling party. In the West, commercial interests tend to suffocate it. This is the real crisis.”

“The insistence on complete certainty about the full details of global warming-the most serious threat we have ever faced-is actually an effort to avoid facing the awful, uncomfortable truth: that we must act boldly, decisively, comprehensively, and quickly, even before we know every last detail about the crisis. Those who continue to argue that the appropriate response is merely additional research are simply seeking to camouflage timidity or protect their vested interest in the status quo.”

“President Ford was a devoted, decent man of impeccable integrity who put service to his country before his own self interest. He helped heal our nation during a time of crisis, provided steady leadership and restored people's faith in the presidency and in government.”

“Christmas has been a season of mixed interests and meanings, but the very foundation, of course, is its religious significance. No matter what other personal desires or crises we have faced, I've never forgotten that this is the time to celebrate the birth of the Baby Jesus, and the impact of this event on the history of the world.”