158 Banking Crisis Quotes

Following is our list of banking crisis quotations and slogans full of insightful wisdom and perspective about debt crisis.

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Famous Banking Crisis Quotes

There are downsides to implicitly trusting banks, as the 2008 financial crisis showed. — Balaji Srinivasan

The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed. — Nigel Farage

Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess — Irving Fisher

Worry is in short supply, risky borrowers, questionable schemes, precarious financial system — Howard Marks

Every financial crisis is made out of excess money and credit. — Russell Napier

The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks. — Lord Acton

The national debt has given rise to joint stock companies, to dealings in negotiable effects of all kinds, and to agiotage , in a word to stock-exchange gambling and the modern bankocracy . — Karl Marx

Bailouts may have been more tolerable in the early 1990s when they were rare and their use for a failing bank was uncertain. — Jerome Powell

The financial crisis revealed important weaknesses in many areas of our financial system. — Jerome Powell

After the last financial crisis, the banks more than doubled their capital and liquidity and they’re far more aware and better at managing the risks they’re taking. — Jerome Powell

I believe that banking institutions are more dangerous to our liberties than standing armies. — Thomas Jefferson

Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest. — Napoleon Bonaparte

And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place. — Dick Durbin

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again. — Ben Bernanke

The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets. — Jerome Powell

Short Banking Crisis Quotes

  • When banks stop working, the world turns to Bitcoin. — Michael Saylor
  • What's breaking into a bank compared with founding a bank? — Bertolt Brecht
  • I think the IMF helped to detonate the Indonesian crisis. — Jeffrey Sachs
  • The bank hath benefit of interest on all moneys which it creates out of nothing. — William Paterson
  • Community banks are a crucial part of our economy and the fabric of our society. — Jerome Powell
  • What we know about the global financial crisis is that we don't know very much. — Paul Samuelson
  • The process by which banks create money is so simple that the mind is repelled. — John Kenneth Galbraith
  • If the environment were a bank, it would have been saved by now — Bernie Sanders
Banking crisis quote When written in Chinese the word "Crisis" is composed of two characters. One represents danger and t
When written in Chinese the word "Crisis" is composed of two characters. One represents danger and the other represents opportunity.

Financial Crisis Quotes

Banks died in 2008. They just haven’t been buried yet. — Max Keiser

The public understands that the government is broke, but many still don't want to cut programs they enjoy or depend on. — Tucker Carlson

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

Banking crisis quote Each day of our lives we make deposits in the memory banks of our children.
Each day of our lives we make deposits in the memory banks of our children.

Starting in the wake of the 2008 GFC global financial crisis, market observers have warned of a crash in the bond market. initially, it was believed that the trillions printed to bail out the banks would cause inflation and, therefore, a flight from bonds. — Max Keiser

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. — Jerome Powell

The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. — Jerome Powell

Being on a movie set is like one long financial crisis. - John Cusack

Being on a movie set is like one long financial crisis. — John Cusack

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. — Brad Henry

I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company. — Eric Yuan

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

Debt Crisis Quotes

Armaments, universal debt and planned obsolescence - those are the three pillars of Western prosperity. — Aldous Huxley

All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment. — John Kenneth Galbraith

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending — Nassim Nicholas Taleb

Banking crisis quote Your diet is a bank account, good food choice are good investments.
Your diet is a bank account, good food choice are good investments.

I am confident that we can overcome this crisis, provided that we remain united in our effort to address our debt and competitiveness problems. And I think that the Greek people are united; it's important also that the political forces are united in line with the will of the Greek people. — Lucas Papademos

The World Bank is now the biggest culprit in the debt crisis. — Susan George

Civilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things. — Muhammad Yunus

Banking crisis quote May future generations look back on our work and say that these men and women who, in a moment of gr
May future generations look back on our work and say that these men and women who, in a moment of great crisis, stood up to their politicians, the opinion-makers, and the establishment, and saved their country.

At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt. — Angela Merkel

Our platform calls for a balanced deficit reduction plan where the wealthy pay their fair share. And when your country is in a costly war, with our soldiers sacrificing abroad and our nation facing a debt crisis at home, being asked to pay your fair share isn't class warfare - it's patriotism. — Cory Booker

If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom. — Carmen Reinhart

There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people. — Vince Cable

Economic Crisis Quotes

I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth. — Angela Merkel

The climate crisis is being used to create totalitarian controls on society by the World Economic Forum, Bill Gates, and all of these megabillionaires. — Robert F. Kennedy, Jr.

Now our Earth is swarmed with issues such as life, death, illness, wars, economic crises and many others. It is time that we sing out loud the message, 'Love forever.' — Yayoi Kusama

If we have an economic crisis in the Western world it's because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people's freedom. — Marc Faber

The exchange-rate trap, another legacy of this former president Alberto Fernández’s government, not only constitutes a social and productive nightmare, but also the surplus of money today is double what it was before the Rodrigazo economic crisis of 1975. — Javier Milei

What the people here have said is that given the enormous crises facing our country, it is just too late for the same old, same old establishment politics and establishment economics. — Bernie Sanders

The economic crisis really affected my family - 2006 to 2011 were really bad times. Almost everybody in my family lost their jobs. — Joey Badass

Women's struggle for equality worldwide is about more than equality between men and women. Our struggle is about reversing the trends of social, economic, political, and ecological crisis - a global nervous breakdown! Our struggle is about creating sustainable lives and attainable dreams. — Bella Abzug

Marxists have more than once pointed out that the capitalist world economic system contains in itself the seeds of a general crisis and of warlike clashes. — Joseph Stalin

Ebola is not just a health crisis. Across West Africa, a generation of young people risks being lost to an economic catastrophe. — Ellen Johnson Sirleaf

Euro Crisis Quotes

If we do not resolve the euro crisis, we will all pay the price. And if we do resolve it, we will all benefit, particularly German taxpayers and savers. — Mario Draghi

In 50 years, no one will care about the fiscal cliff or the Euro crisis. They'll just ask, "So the Arctic melted, and then what did you do?" — Bill McKibben

Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough. — Mario Draghi

I am sure the euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created. — Romano Prodi

There is no better protection against the euro crisis than successful structural reforms in southern Europe. — Mario Draghi

Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence. — Mario Draghi

Tunisia is extremely dependent on economic conditions in Europe, which is why it also experienced shockwaves from the euro crisis. — Alvaro de Vasconcelos

Germany has acted effectively during the euro crisis. It needs to build on this to engage in other spheres too. — Joachim Gauck

Concerning the common currency: today, the euro is not worth it for Poland. The reason why we survived the financial and economic crisis quite well is that we have a national currency. This will not change in the near future. — Jaroslaw Kaczynski

It will not be possible to solve the current crisis with euro bonds. — Angela Merkel

Housing Crisis Quotes

If you're setting a game during the Cuban Missile Crisis, look through a library. find out what people were wearing, what other issues were in the news, how houses were furnished, what cars were being driven. Especially include things which now seem foreign. — Graham Nelson

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. — Barney Frank

Books, like all art, breed in us desire. In times of crisis and fear and misrepresentation we need desire, or else we shut down and hide out in our houses, succumbing to infotainment and the ease of an available latte, turning off our brains and emotions. Books breed desire. — Lidia Yuknavitch

The White House isn't the place to learn how to deal with international crisis, the balance of power, war and peace, and the economic future of the next generation. — Joe Biden

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. — James Surowiecki

We all live in a house on fire, no fire department to call; no way out, just the upstairs window to look out of while the fire burns the house down with us trapped, locked in it. — Tennessee Williams

It took us years to get into the mess that we got ourselves in at the end of 2008, and it's going to take a while to get us out. We lost eight million jobs, we saw a financial system near collapse, we have a continuing housing crisis that we're making progress on dealing with. — Robert Gibbs

Gaza will become part of sovereign Israel and will be populated by Jews. This will also serve to ease the housing crisis in Israel — Moshe Feiglin

Anyone that says the housing crisis can be resolved with one magic bullet or by the next election isn't being honest. — David Lammy

Human beings are often at their best when responding to immediate crises - car accidents, house fires, hurricanes. We are less effective in the face of enormous but slow-moving crises such as the loss of biodiversity or climate change. — David Suzuki

Banking System Quotes

When plunder becomes a way of life, men create for themselves a legal system that authorizes it and a moral code that glorifies it. — Frederic Bastiat

You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning. — Andrew Jackson

Big banks, highly leveraged casinos, do whatever they can to keep the cost of their gambling as cheap as possible. This means keeping interest rates as cheap as possible. — Max Keiser

Success of bitcoin and the exchanges that deal in it could be interpreted by some to mean the demise of central banks, Wall Street, and the Washington insiders who trade on inside information and market manipulation. — Max Keiser

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. — Henry Ford

I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin. — Max Keiser

You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out. — Andrew Jackson

Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back. — Josiah Stamp

The few who understand the system, will either be so interested from it's profits or so dependent on it's favors, that there will be no opposition from that class. — Mayer Amschel Rothschild

My colleagues on the Board of Governors and I understand the value of having a diverse financial system that includes a large and vibrant contingent of community banks. — Jerome Powell

Housing Bubble Quotes

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble — Paul Krugman

I'm not sure most of the people that get caught up in the middle of a bubble can be described as irrational. It seems pretty rational to buy a house and flip it in the next few weeks at a profit when that's been happening for along time. — Paul Samuelson

In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months. — Marc Faber

I was a weird little kid. I was very irritable, bored, frustrated. I felt my imagination bubbling inside my head without having any way to express itself. Given a crayon and paper, I would not draw a train or a house. I would draw these monsters, beasts and demons. — Clive Barker

Presidential money is almost like the housing bubble. It's growing at such an astronomical rate, you think it can't get any bigger. — Chuck Todd

You never have a normal family relationship in the White House; it's an impossible thing to have. You live in a goldfish bubble, and you snatch what you can for a personal life, but you never have a normal, natural existence. — Eleanor Roosevelt

Major labels just lost their way. It's like the housing bubble. They lost a sense of the fundamentals. — Win Butler

Some societies are also more optimistic than others: the U.S. and Australia are my two picks Tell a European you think there’s a housing bubble and you’ll have a reasonable discussion. Tell an Australian and you’ll have World War III. Been there, done that! — Jeremy Grantham

The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping. — David Lereah

When I hear [about a housing bubble] I get the sense that people aren't connecting the dots. — James K. Glassman

Financial Collapse Quotes

Global bonds are collapsing in their fiat currencies, which are collapsing against the dollar, which is fast losing purchasing power. It will be months & years before the average fiat user realizes just how much they're getting ruined financially. The new normal is poverty. — Saifedean Ammous

We're on the verge of a financial collapse unless we balance the budget, and that means some really, really tough decisions. — Gary Johnson

The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse. — Charles P. Kindleberger

I'd be kidding if I said that I predicted the financial collapse. — Fareed Zakaria

Recently released government economic statistics covering 2010, the first year of real recovery from the financial collapse of 2008, found that fully 93 percent of additional income gains coming out of the recession went straight into the wallets and purses of the top 1 percent. — Eric Alterman

At a time when our country is waging two wars, approval ratings for Congress are at historic lows, unemployment is at a 70-year high and financial institutions have collapsed around us, I can't imagine anyone seriously opposing a National Day of Prayer. — Franklin Graham

Investing in auto companies and ensuring a financial collapse didn't lead not from a recession to a great depression may not have been the most popular thing to do, but it was the right thing to do. — Robert Gibbs

No one, no social group, can today avoid the commitment to contribute to the clean up of public finances in order to prevent the financial collapse of Italy. The sacrifices will not be in vain, especially if the economy begins to grow again. — Giorgio Napolitano

After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely. — Thomas Sowell

There are specific times where film noir is a natural concomitant of the mood. When there's insecurity, collapse of financial systems - that's where film noir always hits fertile ground. — Werner Herzog

Bank Loan Quotes

Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. — James Chanos

China's idea of fair trade is government subsidies of its textile and apparel exports to the United States, currency manipulation, and forgiveness of loans by its government banks. — Virginia Foxx

Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and I shall die abhorring. — John Adams

Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame. — Muhammad Yunus

Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently. — James Grant

Faith is like private capital, stored in one's own house. It is like a public savings bank or loan office, from which individuals receive assistance in their days of need; but here the creditor quietly takes his interest for himself. — Johann Wolfgang von Goethe

The Federal Reserve needs to provide small businesses in America with the same low-interest loans it gave to foreign banks. — Bernie Sanders

And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that. — Michael Bloomberg

You can always make a loan at a bank if you can show sufficient evidence that you don't need it. — Evan Esar

In the simplest sense, the key to the performance of any traditional commercial bank ... is the profitability of the loans it makes. — Robert G. Wilmers

People Writing About Banking Crisis

Name Quotes Likes
Read quotes by Jerome Powell

Jerome Powell
quotes on inflation, economics and finance

104 1
Read quotes by Balaji Srinivasan

Balaji Srinivasan
quotes on life, love and marriage

49 1
Read quotes by Nigel Farage

Nigel Farage

73 818
Read quotes by Irving Fisher

Irving Fisher
quotes on education, leadership and government

15 186
Read quotes by Howard Marks

Howard Marks
quotes on cycle, risk and investing

117 1
Read quotes by Lord Acton

Lord Acton
quotes on power

137 1143

More Banking Crisis Quotes

I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. — Abraham Lincoln

The banks lobbied Washington so they could write the rules that got us into this crisis. They then lobbied Washington to get the money to bail them out. And then they are lobbying Washington to write the rules so they can get us into the next crisis. It's perfect circularity. — Elizabeth Warren

'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. — Matt Taibbi

Banks have come to realize in the recent crisis that they are paying the price for having designed compensation packages which provide incentives that are not, in the long run, in the interests of the banks themselves, and I would like to think that would change. — Mervyn King

To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end. — Friedrich August von Hayek

When we were young, there weren't very many smart people in the investment world. You should have seen the people in the bank trust departments. Now, there are armies of smart people at private investment funds, etc . If there were a crisis now, there would be a lot more people with a lot of money ready to take advantage. — Charlie Munger

Quite frankly, I have to admit that with regard to the enormous financial assets and funds of Russian leaders in Western banks and on stock markets, the chances for the West to exert influence on Russia are quite low. I doubt that Western leaders are willing to exert pressure. I would not exclude an intervention in case of a crisis. — Garry Kasparov

There was a direct jobs program from the Rooselvelt administration in the 1930s. The Justice Department has set up a task force to investigate the banks and the mortgage crisis but that's a little too late. Whenever they report they will report the obvious. It will be too late to impact the people who need the help the most. — Jesse Jackson

There is a well-established conviction that the central banks always do what is necessary to keep the system going and then afterwards you then take care of the legal aspects. In a crisis, you simply do not have time to think about such concerns for too long. — George Soros

People rightly want our political leaders - on all sides - to concentrate on minimising the damage to jobs, living standards and our savings from the banking crisis. — Lucy Powell

We must work to repeal trade agreements that impede access to affordable generic drugs. We must work to cause the IMF and the World Bank to reduce and eventually eliminate the debt that takes poor nations' resources away from crises like AIDS. We must focus America's leadership on addressing and ending this epidemic. — Dennis Kucinich

We are privileged that the dollar is the "currency of last resort" and the most important currency in the world. Global commodities are priced in dollars. Central banks in other countries hold great quantities of dollars. The dollar was the safe harbor, the port in the storm during the credit crisis. — Kabir Sehgal

The problems of 2008 were never cured. The Federal Reserve's solution to the crisis was to lend the economy enough money to borrow its way out of debt. It thought that if it could subsidize banks lending homeowners enough money to buy houses from people who are defaulting, then the bank balance sheets would end up okay. — Michael Hudson

If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat? — Thomas Friedman

We are in a situation with the huge stimulus package that's going to be spent all across this nation and a big financial crisis and banking crisis. And what we need is good, trained journalists who can play the role of watchdog. — Walter Isaacson

First National Bank laid off 1,000 people; where do they go? There are no jobs for them. So we are having serious economic problems in this country. We are in a real economic crisis. — Richard M. Daley

Goldman Sachs now has the biggest oil position in America and probably one of the biggest oil positions in the world. They're long oil. So the banks have aggressively been buying oil on their balance sheets. I think they might see this as a way to bail themselves out of this mortgage crisis. — Max Keiser

There's no question the crisis demonstrated that the bank system didn't work. And when you looked at the aftermath of the crisis, what needed to be done. You had to make sure banks got back to the basics of banking, and that they had to address the trust issue. — Vikram Pandit

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. — Alan M. Taylor

QE and other aspects of Fed policy increased inequality pretty significantly. This is reinforced if you take into account all the other non-standard measures the Fed used to bail out the banks early on in the [2008] crisis. — 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. — Gerald Epstein

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. — Gerald Epstein

In America, we need to go forward in nationalizing several large corporations: I think that's possible; we nationalized General Motors; we nationalized several of the big banks, de facto; we nationalized Chrysler; we nationalized AIG. I think there will be more crises, and at some point, rather than being bailed out by the government, the public may keep the corporations it has to rescue. — Gar Alperovitz

I think that the real tragedy of Greece - aside of the savagery of European bureaucracy, Brussels bureaucracy and northern banks, which was really savage - is that the Greek crisis didn't have to erupt. It could have been taken care of pretty easily at the very beginning. But it happened and Syriza came into office with a declared commitment to combat it, and in fact as I recall they actually called a referendum, which horrified Europe. — Noam Chomsky

For example, the insurance industries and the big banks are absolutely euphoric now - on the business pages they don't even conceal it - because they've succeeded in coming out of the crisis even stronger than they were before, and in a better position to lay the basis for the next crisis. But they don't care, because they'll get bailed out again. That's class consciousness with a vengeance. — Noam Chomsky

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. — Alastair Campbell

I haven't studied it deeply, but the American banks started the crisis with far more capital and what I would call "good liquidity." The riskiest funding is unsecured wholesale funding. It's the most fickle. Not repo, which the government focused on, too. Unsecured. JPMorgan Chase had almost none of that - virtually zero. — Jamie Dimon

You could argue the banks are much better capitalised than they were going into the crisis, and everyone's in a much more vigilant state because they still remember the crisis. — Michael Lewis

Fannie Mae and Freddie Mac - two bloated and corrupt government-sponsored programs - contributed heavily to the crisis.In order to prevent another crisis, we need to do what we should have done years ago - reform Fannie Mae and Freddie Mac. We also need to repeal Dodd-Frank, the Democrats' failed solution. Under Dodd-Frank, 10 banks too big to fail have become five banks too big to fail. Thousands of community banks have gone out of business. — Carly Fiorina

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. — Lael Brainard

Much of the shadow banking sector, a major contributor to the economic crisis, was also only possible because of taxhaven secrecy. — Vince Cable

By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit become the most effective means of driving captialist production beyond its own limits and one of the most effective vehicles of crises and swindle. — Karl Marx

This crisis started probably due to the freedom they gave to the banks. First President [Ronald] Reagan and then President [Bill] Clinton. So, for [Barack] Obama it is extremely difficult to change now, to find a way to organize this banking system [differently]. — Costa-Gavras

Expose your life to real need. Visit a developing a country. Take a short term mission trip. Write an inmate, send a letter to a sponsored child, serve in the inner city, at a food bank, with a crisis pregnancy center. Make time for shut-ins, the elderly, the sick, the single-parents, the new believers. Just find one way you can make your awareness of your gift-graced life intersect with a real place of need - and Christ in us will do the rest. — Ann Voskamp

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