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Crisis Quotes

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Crisis Quotes

“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.”

“Families have always been in flux and often in crisis; they have never lived up to nostalgic notions about "the way things used tobe." But that doesn't mean the malaise and anxiety people feel about modern families are delusions, that everything would be fine if we would only realize that the past was not all it's cracked up to be. . . . Even if things were not always right in families of the past, it seems clear that some things have newly gone wrong.”

“The dirty little secret of what used to be known as Wall Street securities firms-Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns-was that every one of them funded their business in this way to varying degress, and every one of them was always just twenty-four hours away from a funding crisis. The key to day-to-day survival was the skill with which Wall Street executives managed their firms' ongoing reputation in the marketplace.”

“In a crisis, stocks of financial companies are great investments, because the tide is bound to turn. Massive losses on bad loans and soured investments are irrelevant to value; improving trends and future prospects are what matter, regardless of whether profits will have to be used to cover loan losses and equity shortfalls for years to come.”

“All the words that George Bush used in public during the early stages of the crisis - "wanted, dead or alive," "a crusade," etc. - suggest not so much an orderly and considered progress towards bringing the man to justice according to international norms, but rather something apocalyptic, something of the order of the criminal atrocity itself. That will make matters a lot, lot worse, because there are always consequences.”

“African Americans, in particular, saw their cumulative wealth crash. They used to have 10 cents on the dollar of the average white family. That 10 cents on the dollar that the African American family used to have crashed down to 5 cents on the dollar, given the focus of predatory lending on the African American community and the degree to which they were really devastated by the foreclosure crisis. So yeah, I think there is a lot of disappointment out there.”

“Many flagship state universities have wonderful digital libraries that are accessed by people around the world. In future, if not current, budget crises, trustees, board members, and administrators may wonder why these state institutions - with an articulated primary clientele of students, faculty, and staff members and a secondary clientele of all citizens of the state - should be spending resources on a digital library that is used by many people beyond the primary and secondary service populations.”

“Dad himself used to tell a story about one time when Mother went off to fill a lecture engagement and left him in charge at home. When Mother returned, she asked him if everything had run smoothly. Didn't have any trouble except with that one over there,' he replied. 'But a spanking brought him into line.' Mother could handle any crisis without losing her composure. That's not one of ours, dear,' she said. 'He belongs next door.”

“I used to believe, although I don't now, that growing and growing up are analogous, that both are inevitable and uncontrollable processes. Now it seems to me that growing up is governed by the will, that one can choose to become an adult, but only at given moments. These moments come along fairly infrequently -during crises in relationships, for example, or when one has been given the chance to start afresh somewhere- and one can ignore them or seize them.”

“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 '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.”

“Our present ecological crisis, the biggest single practical threat to our human existence in the middle to long term, has, religious people would say, a great deal to do with our failure to think of the world as existing in relation to the mystery of God, not just as a huge warehouse of stuff to be used for our convenience.”