“The new social question is: democracy or the rule of the financial markets. We are currently witnessing the end of an era. The neoliberal ideology has failed worldwide. The U.S. movement Occupy Wall Street is a good example of this.” EndsSocialDemocracyStreetsExampleMovementWallFinancialIdeologyErasGood ExamplesFinancial MarketsOccupy Wall StreetOccupy Movement Author:Sigmar Gabriel
“Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.” WantProblemGovernmentStepsPolicyExamplePoliticianEconomicsClaimsRateAffairFinancialCreditDebtExpensesTaxpayersMortgagePunditsCreditorsBailCrunchGovernment PolicyBorrowersForeclosureMarket FailureFinancial ProblemsCredit Crunch Author:Walter E. Williams
“The schools can't cover all the values that go along with how you handle your money. For example, a financial literacy class might not teach me to hate debt the way my grandmother, Big Mama did.” WayBigsMightSchoolValuesHateClassTeachExampleFinancialDebtHandleGrandmotherLiteracyMy GrandmotherMamaFinancial LiteracyBig Mama Author:Michelle Singletary
“In the United Kingdom, for example, the sheer overwhelming dominance of London makes it extremely for provincial cities to develop more than a very restricted financial function. London, in that sense, is akin to the notorious upas tree, a fabulous Javanese tree so poisonous that it destroys all life for many miles around itself.” UnitedCitiesTreeExampleFunctionFinancialLondonMilesKingdomsOverwhelmingSheerFabulousDominancePoisonousNotoriousUnited Kingdom Book:Global Shift: Reshaping the Global Economic Map in the 21st Century Source: Global Shift: Reshaping the Global Economic Map in the 21st Century
“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?” IfsMadeWould BeRunningTodayInterestCompanySecurityExampleCrisisFinancialCeoLoanPercentagesMortgageAlignmentFinancial CrisisStanleyAmerican BusinessCitibank Author:Aubrey McClendon
“This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.” PeopleMayExampleReturnSucceedBuiltInvestingFinancialDecadesPassiveConsistentlyPersistAbnormalFinancial MarketsConfiguration Author:Alan Greenspan
“Saying that financial literacy means diversification is just another example of the fox teaching the chickens.” MeanTeachingExampleFinancialChickensFoxesLiteracyDiversificationFinancial Literacy Author:Robert Kiyosaki
“While no real money came down, my family gave me a good education and a marvelous example of how people should behave, and in the end that was more valuable than money. Being surrounded by the right values from the beginning is an immense treasure. Warrenhad that. It even has a financial advantage.” PeopleShouldRealEndsValuesExampleAdvantageMy FamilyFinancialValuableTreasureBehaveImmenseMarvelousGood Education Author:Charlie Munger
“A lot of ambitious code has been written into the law for those and we will have to see if it actually works, if we have another example of a big financial institution going bankrupt.” IfsHas BeensBigsLawWrittenExampleInstitutionsFinancialCodeAmbitiousFinancial Institutions Author:Robert F. Engle