Best Financial Crisis Quotes | Short & Famous Sayings Page 2

“As the United States continues its slow but steady recovery from the depths of the financial crisis, nobody actually wants a massive austerity package to shock the economy back into recession, and so the odds have always been high that the game of budgetary chicken will stop short of disaster. Looming past the cliff, however, is a deep chasm that poses a much greater challenge -- the retooling of the country's economy, society, and government necessary for the United States to perform effectively in the twenty-first century.”

“These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

People Kind Two Problem Term Company Pressure Crisis Financial Entity Housing Affordable Macs Financial Crisis Mae Affordable Housing

Author:Barney Frank

“The rich believe that they're different and that it is their right to pay a much lower tax rate. The response that you see from people on Wall Street, their dismissal and their almost contempt for the concerns about their culpability in the financial crisis, about the income inequality, shows that they are completely out of touch.”

People Believe Different Shows Pay Rich Streets Wall Taxes Concern Crisis Response Rate Financial Income Inequality Contempt Financial Crisis Income Inequality Dismissal Culpability

Author:Robin Wells

“Because we [the USA] are so powerful, our failures resonate more. In some ways, the worst victims of our institutional and elite failures, through the ripple effect of financial crisis and war, aren't Americans.”

Way War Powerful Worst Effects Crisis Victim Financial Usa Elites Ripple Financial Crisis Ripple Effect

Author:Chris Hayes

“Let us not forget, the financial crisis had its roots in the decision by Congress to embark on a course of social justice to get everyone that wanted a home into one, regardless of whether or not they could afford it.”

Home Wanted Courses Social Justice Decision Forget Roots Crisis Social Justice Financial Congress Financial Crisis

Author:Ed Royce

“I think that will only really change when the human races begins to suffer some of the extremely severe consequences of climate change which may be some decades ahead. They will then realise, as we have with the financial crisis, that we are up against the wall and hitting the buffers and we have got to change.”

Thinking Humans May Suffering Race Wall Consequence Crisis Climate Climate Change Financial Decades Human Race Realising Hitting Severe Financial Crisis

Author:Michael Meacher

“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?”

Ifs Made Would Be Running Today Interest Company Security Example Crisis Financial Ceo Loan Percentages Mortgage Alignment Financial Crisis Stanley American Business Citibank

Author:Aubrey McClendon

“President Obama inherited a broken country mired in two wars, a financial crisis, a mortgage mess and more than we all probably even know about and has in my opinion brought us back from the brink. But I still see my friends in no better shape and the gap widening.”

Knows Stills Two War Country President Opinion Broken Shapes My Friends Crisis Financial Mess Gaps President Obama Mortgage Financial Crisis

Author:Don Cheadle

“I fear the financial crisis of 1998 may become the trade crisis of 1999.”

May Crisis Trade Financial Financial Crisis

Author:Bill Vaughan

“Economic and financial crisis are getting much more usual, and they are not confined to a given country but they immediately spread all over the world, and you have to be prepared for that.”

World Country Given Economic Crisis Prepared Financial Spread Usual Be Prepared Confined Financial Crisis

Author:Sebastian Pinera

“The single most remarkable (and revealing) fact of the Obama presidency may very well be the lack of a single prosecution of Wall Street executives for the massive fraud that precipitated the 2008 financial crisis.”

Wells May Facts Streets Wall Crisis Financial Remarkable Executives Massive Fraud Presidency Revealing Financial Crisis Prosecution

Author:Glenn Greenwald

“Krys Lee has written a book of unforgettable stories, each one building on the other to create a complex, moving portrait of contemporary Korea and its diaspora. She guides us surely through the fallout of war, immigration, and financial crisis, always alert to the possibility of tenderness, transcendence, and even humor along the way. Lee is a writer who really understands loneliness, but her voice is so appealing, and her perceptions so wise, that we feel all the less lonely for knowing her characters and experiencing their lives.”

“The U.S., France, Germany and Canada have all responded to the financial crisis by boosting rather than cutting their science funding. The U.K. has not.”

Cutting Crisis Financial France Germany Canada Funding Financial Crisis

Author:Martin Rees

“The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.”

Shows Poor Risk Economic Crisis Financial Analysts Financial Crisis Pricing Geopolitical Financial Risk

Author:Nouriel Roubini

“September and October of 2008 was the worst financial crisis in global history, including the Great Depression.”

Worst Crisis Including Financial September October Great Depression Financial Crisis

Author:Ben Bernanke

“There was a clarity to the Nineties. It was pre-9/11, before that anxiety kicked in that exists right now about the financial crisis or terrorism. We were all just going to move forward into the millennium and everything was always going to get better. Then, whoops, that didn't happen.”

Happens Moving Right Now Anxiety Crisis Financial Terrorism Moving Forward Clarity Get Better Millennium Financial Crisis

Author:Carrie Brownstein

“Financial crises are an unfortunate but necessary consequence of modern capitalism.”

Modern Capitalism Consequence Crisis Financial Unfortunate Financial Crisis

Author:Andrew Lo

“Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.”

Thinking May Reality Events Economics Crisis Complexes Financial Conceit Wishful Thinking Financial Crisis Economic Crisis

Author:Andrew Lo

“Something really big happened in the world's wiring in the last decade, but it was obscured by the financial crisis and post-9/11. We went from a connected world to a hyperconnected world. I'm always struck that Facebook, Twitter, 4G, iPhones, iPads, high-speech broadband, ubiquitous wireless and Web-enabled cellphones, the cloud, Big Data, cellphone apps and Skype did not exist or were in their infancy a decade ago.”

World Bigs Lasts Change Happened Crisis Financial Clouds Connected Decades Data Posts Infancy Iphone Apps Financial Crisis Wireless Ipads Cellphone Wiring Skype

Author:Thomas Friedman

“The current financial crisis calls out for new products and services as well as more, not less, information about what is safe and profitable in the future environment.”

Wells Environment Information Products Safe Crisis Investing Financial Currents Profitable Financial Crisis New Products

Author:Jeremy Siegel

“No one should have to choose between medicine and other necessities. No one should have to use the emergency room every time a child gets sick. And no one should have to live in constant fear that a medical problem will become a financial crisis.”

Should Children Use Problem Rooms Should Have Sick Crisis Constant Medicine Financial Medical Emergencies Financial Crisis Emergency Room Medical Problems

Author:Brad Henry

“During the financial crisis, I worked with hundreds of executives who struggled as a result of their thoughts about job security. When their beliefs changed, so did their emotional experience - and they were then able to focus on the task at hand more effectively.”

Hands Able Jobs Belief Results Focus Security Changed Emotional Tasks Crisis Financial Executives Financial Crisis Task At Hand

Author:Andrew Bernstein

“I only wanted to be a good employee who generated as much profit as possible for his employer. I was merely a small cog in the machine - and now I'm suddenly supposedly the main person responsible for the financial crisis.”

Persons Wanted Machines Responsible Crisis Financial Profit Employee Employers Financial Crisis Cogs

Author:Jerome Kerviel

“My daughter asked me when she came home from school, "What's the financial crisis?" and I said, it's something that happens every five to seven years.”

Years Said Home Happens School Five Daughter Crisis Seven Financial My Daughter Seven Years Financial Crisis

Author:Jamie Dimon

“There are no atheists in foxholes and there are no libertarians in financial crises.”

Crisis Financial Atheist Libertarian Financial Crisis Foxholes

Author:Paul Krugman

“The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.”

World War Ends Crisis Financial Currents War Of The Worlds Judged Second World War Retrospect Financial Crisis

Author:Alan Greenspan

“We need to ensure the poorest in the planet - who will be hardest hit by the financial crisis - are not forgotten.”

Needs Planets Crisis Forgotten Financial Hardest Poorest Financial Crisis Hardest Hit

Author:Kofi Annan

“The egotistical ambition to always want to earn more money harms both the company and the individual himself. That is the biggest weakness of many managers - the financial crisis has proven this.”

Want Individual Company Ambition Weakness Crisis Financial Harm Managers More Money Proven Egotistical Financial Crisis

Author:Dalai Lama

“[D]ebt increases that didn't arise either from war or from extraordinary financial crisis are entirely associated with hard-line conservative governments.”

War Hard Government Lines Increase Crisis Extraordinary Financial Conservative Arise Financial Crisis

Author:Paul Krugman

“It is easier to invest for cash flow during a financial crisis. So don't waste a good crisis by hiding your head in the sand. The longer the crisis lasts, the richer some people will become.”

People Lasts Easier Waste Flow Crisis Financial Sand Hiding Cash Financial Crisis Cash Flow

Author:Robert Kiyosaki

“One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it.”

Hours Economy Groups Economic Crisis Financial Decades Waking Economist Spectacular Intriguing Great Depression Analyzing Financial Crisis Economic Crisis Subplots

Author:Robert J. Samuelson

“No man bears more responsibility for the present worldwide financial crisis and coming depression than Alan Greenspan.”

Men Responsibility Bears Crisis Financial Financial Crisis

Author:Bill Bonner

“The essence of the this-time-is-different syndrome is...rooted in the firmly held belief that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now. We are doing things better, we are smarter, we have learned from past mistakes. The old rules of valuation no longer apply. Unfortunately, a highly leveraged economy can unwittingly be sitting with its back at the edge of a financial cliff for many years before chance and circumstance provoke a crisis of confidence that pushes it off.”

“Nowhere does it say that investors should strive to make every last dollar of potential profit; consideration of risk must never take a backseat to return. Conservative positioning entering a crisis is crucial: it enables one to maintain long-term oriented, clear thinking, and to focus on new opportunities while others are distracted or even forced to sell. Portfolio hedges must be in place before a crisis hits. One cannot reliably or affordably increase or replace hedges that are rolling off during a financial crisis.”

“If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.”

“The housing and financial crisis could not have occurred in the absence of government housing and monetary policies.”

Government Policy Crisis Financial Absence Housing Monetary Financial Crisis Monetary Policy

Author:Sheldon Richman

“President Obama has a good sense not just of the economic requisites for financial crisis firefighting but also how you build political support for moving forward on reforming the financial system, making sure that the banks are carrying enough capital.”

Enough Moving Political President Support Economic Crisis Financial Moving Forward President Obama Good Sense Financial Crisis Financial System Firefighting

Author:Lael Brainard

“What we know about the global financial crisis is that we don't know very much.”

Knows Crisis Financial Financial Crisis

Author:Paul Samuelson

“The financial crisis was a classic case of the political class failing the American people. Twenty-five agencies were supposed to be minding the store during the financial crisis and every one of them was asleep at the switch.”

People Political Class Cases Five Failing Twenties Crisis Financial Stores Supposed To Be Classic Agency Twenty Five Financial Crisis

Author:Carly Fiorina

“When the financial crisis arrived, it seemed to me that this was something I had to make a movie about.”

Crisis Financial Financial Crisis

Author:Charles Ferguson

“Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones that happened in 1929 and 2008.”

Known Happened Demand Crisis Financial Persist Severe Economist Shortage Great Depression Financial Crisis

Author:Bob Frank

“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.”

“I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we have derivatives like credit default swaps which are in this category, and we have derivatives like volatilities that are actually an asset class that we can invest in which are now - would out perform if we have another financial crisis.”

Ifs Mean Might Realizing Class Gold Crisis Bills Financial Credit Treasure Assets Categories Bugs Default Financial Crisis Derivatives Volatility Credit Default Swap

Author:Robert F. Engle

“All of this is happening because there has still been no reckoning post the financial crisis. So governments have fallen, one bloke has been to prison, the banks have gone pretty well back to status quo, the rich are getting richer, and the poor are getting poorer. And it's fuelling anger. And somehow [Donald] Trump, who represents the worst aspects of capitalism, has persuaded people he can deal with that.”

“She [Carolyn Maloney] knows the financial issues, that's why we thought she was perfect because we're in a - we're in, as you know, a financial crisis, an economic crisis, and I know that she'll see the whole picture.”

Knows Whole Perfect Issues Economic Crisis Financial Financial Crisis Economic Crisis Whole Picture

Author:Eleanor Smeal

“The default assumption is that - financial crises aside - growth will continue indefinitely. Not just for the poorest countries, where a better quality of life is undeniably needed, but even for the richest nations where the cornucopia of material wealth adds little to happiness and is beginning to threaten the foundations of our wellbeing.”

Source: Prosperity Without Growth: Foundations for the Economy of Tomorrow

“Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.”

“I admire President Obama. He inherited the worst financial crisis since the Great Depression. That was a terrible time for America.”

America President Worst Terrible Crisis Financial Admire President Obama Great Depression Financial Crisis Terrible Times

Author:Hillary Clinton

“The financial crisis happened because no-one could actually say out loud how bad things were.”

Happened Crisis Financial Loud Bad Things Financial Crisis

Author:Mark Ravenhill

“We've learned our lesson with finance because they made a huge goddamn explosion that almost shut down the world. But the thing I realized is that there might never be an explosion on the scale of the financial crisis happening with big data.”

World Made Bigs Might Huge Lessons Happenings Crisis Financial I Realized Scales Finance Data Explosions Financial Crisis

Author:Cathy O'Neil

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