Here, we’ve compiled a list of the best Financial Crisis Quotes from famous persons: Timothy Noah, Jeremy Strong, Janet Yellen, Glenn Kelman, James B. Stewart. The wide variety of quotes available makes it possible to find a quote to suit your needs. You’ve likely heard some of the Financial Crisis Quotes before, but that’s because they truly are great.
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On Wall Street, financial crisis destroys jobs. Here in Washington, it creates them. The rest is just details.
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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.
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2009 was a tough year, but Australia rose to the challenge of the global financial crisis. It shows what can be done when we all join together and work together, governments of all persuasions state, territory and local; businesses large and small; unions and local communities right across the nation.
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Just as the financial crisis has created toxic assets and ‘zombie‘ financial institutions, so has it transformed conservatism into a movement of the living dead.
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President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis that’s been a shame.
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I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company.
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The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy.
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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.
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I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem.
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I believe that the financial crisis of 2008/9 exposed more a lack of ethics and morality – especially by the financial sector – rather than a problem of regulation or criminality. There were, of course, regulatory lessons to be learned, but at heart, there was a collective loss of our moral compass.
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My old firm, Goldman Sachs – traditionally, the best banks are leveraged 8:1. When we had the financial crisis in 2008, the investment banks were leveraged 35:1. Those rules had specifically been changed by a guy named Hank Paulson. He was secretary of Treasury.
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In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.
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I ran for Congress not because I was having a mid-life crisis. I left the private sector because I saw a looming financial crisis that was coming to this country. It’s unsustainable.
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The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.
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If there had been a Financial Product Safety Commission in place 10 years ago, the current financial crisis would have been averted.
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Dodd-Frank has disproportionately burdened community banks, despite their having no role in the financial crisis.
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I started out in public service in 1998 after the Asian financial crisis of ’97.
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At some point, there will be some other financial crisis. It’s in the nature of a capitalist system.
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The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.
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Forced to confront a reptile or an international financial crisis, I’ll take the reptile every time.
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The financial crisis of 2008-09 was in large part the result of the so-called ‘success‘ of people who did not understand their fiduciary duty. This kind of ‘success’ is extremely harmful to all of society.
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The financial crisis is a stark reminder that transparency and disclosure are essential in today’s marketplace.
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Sometimes, the aftermath is more devastating than the storm. That is the story of the 2008 financial crisis. It was disastrous at the time, but what has been worse is how long it has lingered.
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With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully.
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Veterans are driven by the same frustrations that the public has with what is happening in Washington… the fiscal irresponsibility and the financial crisis that our country is facing.
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So how does the machine work that you have a financial crisis? How does deleveraging work – what is the nature of that machine? And what is human nature, and how do you raise a community of people to run a business?
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I believe that the root cause of every financial crisis, the root cause, is flawed government policies.
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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.
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If Freddie Mac is unable to raise capital, it could spark a political and financial crisis.
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There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That’s considerable in a country that’s used to being protected.
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In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables.
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There is no question that the recovery from the global recession triggered by the 2008 financial crisis has been unusually lengthy and anemic.
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The financial crisis revealed important weaknesses in many areas of our financial system.
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We urge the Department of Justice to carefully investigate and aggressively prosecute all senior bank officials who participated in manipulating the London interbank offered rate throughout the financial crisis.
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If you look at European societies since the financial crisis began in 2008, with very, very few exceptions, the differences between rich and poor have increased, and sometimes hugely.
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The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies.
