“Establishing a 0.03 percent Wall Street speculation fee, similar to what we had from 1914-1966, would dampen the dangerous level of speculation and gambling on Wall Street, encourage the financial sector to invest in the productive economy and reduce the deficit by more than $350 billion over 10 years.” YearsLevelsEconomyStreetsDangerousWallPercentFinancialBillionsProductiveGamblingSpeculationDeficitFees Author:Bernie Sanders
“The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.” IfsDifferentChanceDoubtFourRiskDangerousAmountNeededManagementInstitutionsUniversityFinancialFinanceThanksDataImmenseMasterpieceCollectingHarvardRisk ManagementFinancial InstitutionsKennethMaryland Author:Martin Wolf
“Ours is a world which feels so unsettled and dangerous in large ways, whether its terrorism or global financial meltdown or climate change - huge things that affect us deeply, and yet things about which we can do, individually, very little.” WorldWayFeelsLittlesCan DoDangerousHugeClimateClimate ChangeFinancialTerrorismMeltdowns Author:Sarah Waters
“These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.” ShouldStatesGovernmentPlayerDangerousInvolvedCrisisFinancialPartnershipEntityRottenFinancial SystemPrivate Parts Author:George Soros
“The recent trading environment has felt something like walking into a place and having a sense that something is wrong and dangerous but not knowing exactly what will happen or when. “QE Infinity” has so distorted the prices of stocks and bonds that nobody can possibly determine what the investing landscape would look like, or what the condition of the economy and financial system would be, in the absence of Fed bond-buying.” LooksHappensWould BeFeltEconomyKnowingEnvironmentConditionsDangerousWalkingInvestingFinancialDetermineAbsenceLandscapeBuyingFedsInfinityNot KnowingTradingFinancial System Author:Paul Singer
“As the director, you're meant to be critical and you are, so there are loads of things. But the thing is, the way I look at it is, to try to get some measure of success, it's dangerous to look at financial or critical success, or positive response as a measure.” WayTryingLooksDangerousDirectorsResponseFinancialCriticalMeant To BeLoadMeasure Of SuccessPositive Response Author:David Slade
“Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature.” GovernmentDangerousProductsFitAreasStressInnovationFinancialWeatherDescriptionAssetsCollapseTestedSunnyMortgageStatureStormySunny DayStormy Weather Author:Seth Klarman
“The security of computers and the Internet is a horrible and dangerous mess. Every week we hear about breaches of databases of Social Security numbers and financial information and health records, and about critical infrastructure being insecure.” SocialNumbersRecordsWeekSecurityDangerousInformationInternetComputerFinancialCriticalHorribleMessInsecureSocial SecurityInfrastructureBreachDatabasesBeing Insecure Author:Matt Blaze
“One of the lessons that I hope people will take out is the extreme dependence simply on the financial sector is really dangerous.” PeopleDangerousLessonsFinancialExtremesDependence Author:Juan Enriquez
“Concerning our possibilities on the international financial markets, the sanctions are severely harming Russia. But the biggest harm is currently caused by the decline of the prices for energy. We suffer dangerous revenue losses in our export of oil and gas, which we can partly compensate for elsewhere. But the whole thing also has a positive side: if you earn so many petrodollars - as we once did - that you can buy anything abroad, this slows down developments in your own country.” IfsCountryWholeSufferingEnergySidesLossDangerousPossibilityDevelopmentFinancialInternationalHarmOilRussiaGasElsewhereDeclineSlow DownRevenueSanctionsFinancial MarketsOil And Gas Author:Vladimir Putin