Best Financial Crisis Quotes | Short & Famous Sayings Page 3

“I think likelier targets are [Steve] Mnuchin, the Treasury pick. When you look at his dealings during the financial crisis, that's going to be a target rich environment, and [Rex] Tillerson.”

Thinking Looks Rich Environment Picks Crisis Financial Target Get Rich Treasury Financial Crisis Dealings

Author:Rich Lowry

“There was a time when if you had a financial crisis in Southeast Asia somewhere, it had no impact on our markets. Today it does.”

Ifs Doe Today Crisis Impact Financial Asia Financial Crisis Southeast Asia

Author:Barack Obama

“When I was in government, the South African economy was growing at 4.5% - 5%. But then came the global financial crisis of 2008/2009, and so the global economy shrunk. That hit South Africa very hard, because then the export markets shrunk, and that includes China, which has become one of the main trade partners with South Africa. Also, the slowdown in the Chinese economy affected South Africa. The result was that during that whole period, South Africa lost something like a million jobs because of external factors.”

Hard Whole Government Jobs Lost Results Millions Economy Growing Periods Crisis Trade South Financial China Partners Factors Chinese Affected South Africa Global Economy Financial Crisis

Author:Thabo Mbeki

“We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial crisis? Automated trading programmes!”

Risk Crisis Financial Instance Trading Asian Programmes Financial Crisis

Author:Paul Virilio

“For me, the Asian financial crisis of 1998 and the war in Kosovo in 1999 are the prelude to the integral accident.”

War Crisis Financial Accidents Asian Financial Crisis Prelude Kosovo

Author:Paul Virilio

“Beside the two wars he inherited in Iraq and Afghanistan, and promised to end, a financial crisis at home had pushed the United States to the brink of another Great Depression. When we spoke with the new president in March of 2009, the economy was losing 800,000 jobs a month, the government was throwing hundreds of billions of dollars at failing banks, and the auto industry was on the verge of collapse. Politically pummeled from all sides, Obama did his best to keep a sense of humor.”

“Here's Hillary Clinton getting away with tying the Republicans to rich people. She's tying the Republican Party to Wall Street, to the big banks. She's tying the Republican Party to the financial crisis in 2008. It's all their fault. She's tying herself as with the low-income crowd - and the average, ordinary middle class American - as their champion, as their defender. They don't know that it's not the Republicans in bed with banks. They don't know that it's the banks that are practically paying for and underwriting the Democrat Party and Hillary Clinton today.”

“It is no exaggeration to say that rising inequality has driven many of the 99 percent into a financial ditch. It also helped spawn the housing bubble that gave us the financial crisis of 2008, the lingering effects of which have forced many OWS protesters to try to launch their careers in by far the most inhospitable labor market we've seen since the Great Depression. Even those recent graduates who manage to find jobs will suffer a lifelong penalty in reduced wages.”

“Henry Blodget says, "It is not clear what, if any, power and influence [Steven Lerner] currently wields. His main message - that Wall Street won the financial crisis, that inequality in this country is hitting record levels, and that there appears to be no other way to stop the trend - will almost certainly resonate."”

Ifs Way Country Levels Clear Records Influence Streets Wall Messages Crisis Financial Inequality What If Trends Hitting Financial Crisis

Author:Rush Limbaugh

“The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that is, interest rates. It also plays a key role in supervising banks and historically has seemed to take it easy on the banks when it shouldn't have, such as in the lead up to the financial crisis.”

Play Bigs Easy Interest Roles Economy Keys Cost Crisis Impact Rate Financial Credit Feds Interest Rate Financial Crisis Take It Easy Big Impact

Author:Gerald Epstein

“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.”

People Has Beens Stills Reason Interest Trouble Economic Serious Concerned Crisis Critics Financial Population Significant Proportion Feds Financial Crisis

Author:Gerald Epstein

“It's just very hard to teach a class of students about what has happened in the Global Financial Crisis, how we ended up there and how we got to where we are today, without having some basic, non-trivial understanding of the financial sector, credit, and the banking system.”

Hard Today Understanding Class Teach Happened Students Crisis Financial Credit Banking Financial Crisis Banking System

Author:Alan M. Taylor

“In the immediate postwar era, financial crises in advanced countries were rare events, and before 1970 did not happen at all. Since then they have occurred more often, and 2008 was the most damaging of them all to date. If we have moved back to a regime of regular financial crises - like the one we had from the 1870s to the 1930s - then our economic future will be very different from our recent past.”

Ifs Different Country Happens Past Economic Events Crisis Moved Financial Eras Regimes 1930s Financial Crisis Recent Past Rare Events

Author:Alan M. Taylor

“The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.”

“The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision.”

“If you look at what happened, I came in the middle of the worst financial crisis since the Great Depression. And unlike Franklin Delano Roosevelt who waited, well, didn't take office until about three years into the Great Depression, it was happening just as I was elected.”

Ifs Years Wells Looks Three Happened Middle Worst Office Happenings Crisis Financial Three Years Franklin Great Depression Financial Crisis Franklin Delano Roosevelt

Author:Barack Obama

“For the last several decades, there was a prevailing belief among traditional economists that the markets were rational and self-correcting. Alan Greenspan advocated this view. But the 2008 financial crisis showed that this view is incorrect, and Greenspan eventually admitted as much.”

Self Lasts Belief Views Crisis Financial Decades Rational Traditional Economist Prevailing Correcting Financial Crisis

Author:Kabir Sehgal

“People look at the future and see a black hole. They look at climate change and see an ecological crisis. They look at their leaders corrupted by money and see a political crisis. They wonder if they'll ever be able to pay off their student loan or own a house. Given this ecological, political and financial crisis, what they want is a different future. Their fundamental demand is a different regime to provide that future.”

People Different Political House Black Leader Wonder Students Crisis Climate Change Financial Loan Ecological Financial Crisis Black Hole Student Loan

Author:Kalle Lasn

“Although the financial crisis, you know, receded a while ago, we kind of never picked up on it.”

Kind Crisis Financial Financial Crisis

Author:Lloyd Blankfein

“Unless we are holding ourselves accountable day in, day out, not just when there's a crisis for folks who have power and influence and can hire lobbyists, but for the nurse, the teacher, the police officer, who, frankly, at the end of each month, they've got a little financial crisis going on. They're having to take out extra debt just to make their mortgage payments. We haven't been paying attention to them. And if you look at our tax policies in America, it's a classic example.”

Attention Teacher Influence Policy Taxes Police Crisis Financial Pay Attention Classic Extras Nurse Mortgage Police Officer Financial Crisis

Author:Barack Obama

“The best worst example of making people feel unappreciated today lies in the casualness, indeed indifference with regard to massive lay-offs even when there isn't a financial crisis. That is a message to employees that they are expendable, interchangeable, easily dismissed and replaced, often by younger, less experienced and cheaper employees. The essential message being conveyed to people is, You are worthless. What an incredibly dumb thing that is for management to say!”

People Today Lying Worst Management Crisis Financial Dumb Indifference Employee Replaced Worthless Financial Crisis

Author:Judith M Bardwick

“China's accumulation of reserves is a result of the IMF's mismanagement of the Asian financial crisis a decade or so ago. If countries know they can't rely on the IMF to help them, their best defense is their own reserve cushion. In a time of spreading global recession, too much emphasis on savings in surplus countries like China can impede prospects for global growth.”

Country Helping Growth Crisis Financial Rely Financial Crisis Mismanagement

Author:Joseph Stiglitz

“People are enduring more than a temporary financial crisis. We are witnessing a fundamental shift in the economy. Companies and industries will in great measure no longer grow by borrowing vast capital to make huge acquisitions. The way to grow to critical mass - the Google way - will be to become platforms and networks that enable others to build businesses, grow, and succeed.”

People Economy Succeed Crisis Endure Financial Temporary Google Borrowing Financial Crisis

Author:Jeff Jarvis

“Architects and urbanists are fascinated with cities that are shrinking, like the Rust Belt cities. Or, alternatively, we are fascinated with the growth of favelas and informal settlements. The 2008 financial crisis made these changes more extreme. The subtraction protocols rehearse a way of thinking about multiple properties in counterbalancing interdependence - not just the shaping of one property but the ratcheting interplay between properties.”

Thinking Growth Crisis Property Financial Architect Multiple Settlement Interdependence Financial Crisis

Author:Keller Easterling

“Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.”

Results Crisis Financial Despite Passive Reserves Severe Mandates Great Depression 1930s Federal Reserve Financial Crisis

Author:Ben Bernanke

“Managing and navigating through a financial crisis is no fun at all.”

Fun Crisis Financial Financial Crisis

Author:Howard Schultz

“The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.”

Years Facts Bigs Crisis Investment Including Financial Investors Housing Financial Crisis Betting Housing Crisis Housing Market

Author:James Surowiecki

“'Nobody goes to jail.' This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth - and nobody went to jail.”

World Facts Wealth Company Millions Saws Streets Wall Majors Crisis Dollars Financial Criminals Billions Destroyed Eras Jail Scandal Mantras Obscene Financial Crisis

Author:Matt Taibbi

“It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.”

Whole Happened Industry Safe Paid Crisis Financial Compass Rating Financial Crisis

Author:Matt Taibbi

“If there had been a Financial Product Safety Commission in place 10 years ago, the current financial crisis would have been averted.”

Ifs Years Has Beens Products Years Ago Crisis Safety Financial Currents Financial Crisis Avert

Author:Elizabeth Warren

“You know what's truly weird about any financial crisis? We made it up. Currency, money, finance, they're all social inventions. When the sun comes up in the morning it's shining on the same physical landscape, all the atoms are in place.”

Knows Made Social Morning Sun Crisis Shining Financial Come Up Invention Finance Made It Landscape Atoms Currency Financial Crisis

Author:Bruce Sterling

“Financial crises are like fireworks: they illuminate the sky even as they go pop.”

Sky Crisis Financial Pops Financial Crisis Fireworks

Author:James Buchan

“The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.”

Should Growth Economic Taxes Raises Crisis Financial Excuse Economic Growth Financial Crisis Economic Crisis

Book:Decision Points

Source: Decision Points

“The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient.”

Ifs Facts Would Be Difficult Perspective Crisis Financial Severe Indulge Predictable Magnitude Indulge In Financial Crisis Schadenfreude

Author:Noam Chomsky

“The financial crisis we are facing today arises from the fact that there is almost no more social, cultural, natural, and spiritual capital left to convert into money.”

Facts Today Spiritual Left Social Natural Crisis Financial Arise Financial Crisis

Book:Sacred Economics: Money, Gift, and Society in the Age of Transition

Source: Sacred Economics: Money, Gift, and Society in the Age of Transition

“I'm quite worried about the fiscal imbalances that we've got and what that might mean in terms of financial crisis ahead.”

Inspirational Mean Might Term Challenges Business Crisis Financial Finance Worried Financial Crisis Imbalance

Author:Bill Gates

“The current financial crisis makes it very clears that the system that we have isn't really working, and this is the right time for us to undo things and build them in a new way.”

Way Poverty Crisis Financial Currents New Ways Right Time Financial Crisis

Author:Muhammad Yunus

“Contemporaneous with the financial crisis we have an ecological crisis and a health crisis. They are intimately interlinked. We cannot convert much more of the earth into money, or much more of our health into money, before the basis of life itself is threatened.”

Earth Bases Crisis Financial Threatened Ecological Financial Crisis Ecological Crisis

Book:Sacred Economics: Money, Gift, and Society in the Age of Transition

Source: Sacred Economics: Money, Gift, and Society in the Age of Transition

“Edward Conard’s book represents the most cogent and persuasive analysis of the Financial Crisis to date. It is deeper and likely more accurate than what we have seen so far from journalists, academ- ics, and particularly former government officials.”

Book Government Crisis Financial Deeper Former Journalist Analysis Officials Accurate Financial Crisis Persuasive Government Officials

Author:Andrei Shleifer

“Anyone interested in the past, present, or future of banking and financial crises should read The Bankers' New Clothes. Admati and Hellwig provide a forceful and accessible analysis of the recent financial crisis and offer proposals to prevent future financial failures. While controversial, these proposals--whether you agree or disagree with them--will force you to think through the problems and solutions.”

“One of the very difficult parts of the decision I made on the financial crisis was to use hardworking people's money to help prevent there to be a crisis.”

People Made Helping Use Difficult Decision Crisis Financial Financial Crisis Hardworking

Author:George W. Bush

“Whenever there is a a financial crisis, it is always the banks that get hit.”

Crisis Financial Finance Financial Crisis

Author:Gordon Wu

“However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.”

“These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis.”

Kind Two Crisis Financial Entity Macs Financial Crisis Mae

Author:Barney Frank

“The financial crisis has underscored how insufficient attention to fundamental corporate governance concepts can have devastating effects on an institution and its continued viability. It is clear that many banks did not fully implement these fundamental concepts. The obvious lesson is that banks need to improve their corporate governance practices and supervisors must ensure that sound corporate governance principles are thoroughly and consistently implemented.”

“The United States is like the Titanic, and I'm here with the lifeboat trying to get people to leave the ship... I see a real financial crisis coming for the United States.”

People Trying Real States United United States Crisis Financial Ships Financial Crisis Lifeboats

Author:Peter Schiff

“In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems”

May Today Risk Crisis Financial Traditional Probability Financial Crisis Financial System Financial Risk

Author:Timothy Geithner

“Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.”

Crisis Blame Response Investing Financial Greek Financial Crisis Speculators

Author:Lawrence Summers

“Being on a movie set is like one long financial crisis.”

Long Crisis Investing Financial Financial Crisis Movie Sets

Author:John Cusack

“Edward Conard provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.”

Wells Reading Causes Growth Policy Return Needed Crisis Agree Financial Analysis Interpretation Rapids Provocative Financial Crisis Worth Reading Rapid Growth

Author:Nouriel Roubini

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Financial Crisis Quotes