“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.” YearsThreeBornFiveCrisisDuesSignificantMaturityFive YearsBulletsLoanMortgageGreat Depression1930sForeclosureDodging Bullets Author:Mark Zandi
“The biggest potential and actual crises of the 21st century all have a strong, long, slow aspect with a significant lag between cause and effect. We have to train ourselves to be thinking in terms of longer-term results.” ThinkingLongStrongCausesTermResultsEffectsCenturyAspectCrisisTrainSignificant21st CenturyCause And EffectLag Author:Jamais Cascio
“The financial services industry has seemed to treat the crisis like a little rainfall - inconvenient, but no significant changes needed. The real question moving forward is how the industry will respond to Wall Street reform and growing public anger.” LittlesRealMovingGrowingStreetsWallIndustryNeededTreatsCrisisFinancialSignificantMoving ForwardReformInconvenientReal QuestionsRainfallSignificant ChangeFinancial ServicesService Industry Author:Elizabeth Warren
“The campaign was a more significant training ground than I think people give it credit for. By the time I got here, I think I had a pretty good sense of what was required. But the circumstances in which I came in were different than most executives, right? The enterprise was in the midst of a major crisis.” PeopleThinkingGivingDifferentCircumstancesMajorsTrainingCrisisCreditCampaignsSignificantEnterpriseMidstExecutivesGood Sense Author:Barack Obama
“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.” PeopleHas BeensStillsReasonInterestTroubleEconomicSeriousConcernedCrisisCriticsFinancialPopulationSignificantProportionFedsFinancial Crisis Author:Gerald Epstein
“I think we will have continuing danger from these markets and that we will have repeats of the financial crisis - [they] may differ in details but there will be significant financial downturns and disasters attributed to this regulatory gap, over and over, until we learn from experience” ThinkingMayDangerCrisisFinancialDetailsDisasterSignificantRepeatsGapsContinuingFinancial CrisisLearning ExperienceDownturn Author:Brooksley Born
“Democrats are making it clear that they intend to use our economic crisis to rush through their longtime liberal goals without public scrutiny or debate. ... This will increase burdens on taxpayers and take a significant step toward socialized medicine.” UseCareGoalStepsClearEconomicIncreaseCrisisMedicineDemocratBurdenDebateSignificantHealth CareTaxpayersScrutinyEconomic CrisisSocialized Medicine Author:Jim DeMint
“Despite our significant public-policy differences, I commend Jim Wallis for advocating religious belief as an invaluable resource in addressing the urgent moral and social crises of our time.” BeliefSocialDifferencesReligiousMoralPolicyResourcesCrisisSignificantDespiteOur TimeUrgentReligious BeliefAdvocatingPublic PolicyInvaluable Author:Richard Land