Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.— Lawrence Summers
Satisfaction Financial Crisis quotations
When written in Chinese the word "Crisis" is composed of two characters. One represents danger and the other represents opportunity.
Being on a movie set is like one long financial crisis.
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.
My poor dad said, 'You need to know a lot about one speciality.' My rich dad said, 'You need to learn a little about a lot of things.'
The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.
I want to see somebody go to jail over the financial crisis and not just black, brown and poor whites over humbles and minor drug beefs.
I saw the government really using the excuse of a weak economy and a financial crisis to create more government and to push onto the American entrepreneurial society more and more restraints and government activity.
As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world's problems or, for that matter, to any problems.
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.
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.
Asean is obviously a very important association for us.
Over the past 30 years Asean has made great strides in regional cooperation covering a number of areas, although recently it has been under strain because of the financial crisis and other challenges.
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.
What we know about the global financial crisis is that we don't know very much.
I'd rather be a victor than a victim. Financial Crisis and the System
There are no atheists in foxholes and there are no libertarians in financial crises.
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.
These public-private partnerships are very, very dangerous.
The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.
What we call a financial crisis is really at its core a crisis of management, and not just a crisis of management, but a crisis of management culture. ...In other words, what you had is a detachment of people who know the business from people who are running the business.
Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.
Sometimes it takes a crisis for people to agree that what is obvious and should have been done years ago, can no longer be postponed. We must create a new international financial architecture for the global age.
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.
'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.
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.
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 global crisis is caused by pathologies inherent in the global financial system itself.
The financial crisis happened because no-one could actually say out loud how bad things were.
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.
Godfulness is simply recognizing the primacy of a presence of love, spaciousness, grace, generativity, caring, and creativity in the world and in myself. How can a mere financial crisis compare to that? The Generative Mystery cannot go bankrupt. It is not subject to scarcity. We never run out of God.
Almost no one will accept responsibility for his or her role in precipitating a crisis: not leveraged speculators, not willfully blind leaders of financial institutions, and certainly not regulators, government officials, ratings agencies or politicians.
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.
Governments must commit to sound economic and financial policies.
This is how we ensure reform in the euro area - and our independence.
These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis.
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.
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.
If we are really serious about preventing another crisis like the 2008 meltdown we should simply ban complex financial instruments, unless they can be unambiguously shown to benefit society in the long run. This is what we do all the time with other products-drugs, cars, electrical products and many others.
The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.
I'm quite worried about the fiscal imbalances that we've got and what that might mean in terms of financial crisis ahead.
The moral angle to the foreclosure crisis - and, of course, in capitalism we're not supposed to be concerned with the moral stuff, but let's mention it anyway - shows a culture that is slowly giving in to a futuristic nightmare ideology of computerized greed and unchecked financial violence.