Financial Crisis Quotes - Page 4

• 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.

  Andrew Bernstein

  Jobs, Emotional, Hands

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• 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.

  Jerome Kerviel

  Cogs, Machines, Financial

  Source: www.spiegel.de

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• 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.

  Alan Greenspan

  War, Retrospect, World

  "Greenspan on the Economy: Double Ouch" by Jonathan Stein, www.motherjones.com. March 17, 2008.

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• 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.

  Dalai Lama

  Ambition, Weakness, Want

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

  Paul Krugman

  War, Government, Lines

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

  Bill Bonner

  Responsibility, Men, Bears

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• Washington's answer to a self-inflicted financial crisis reminded Americans why they so deeply distrust the political class. The 'fiscal cliff' process was secretive and sloppy, and the nation's so-called leadership lacked the political courage to address our root problems: joblessness and debt.

  Ron Fournier

  Self, Class, Roots

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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.

  Elizabeth Warren

  Years, Safety, Financial

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• 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.

  George W. Bush

  People, Decision, Use

  Final Presidential Press Conference, Delivered 12 January 2009, James S. Brady Briefing Room, White House West Wing, Washington, D.C.

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

  Barney Frank

  Two, Financial, Kind

  The New York Times, September 11, 2003.

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• 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.

  Daniele Nouy

  Practice, Risk, Sound

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• Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that's wrong.

  Charles Ferguson

  Jail, Years, Forgive Me

  "Charles Ferguson’s Oscar Speech Rips Wall Street: ‘Inside Job’ Director Levels Criticism During Acceptance". www.huffingtonpost.com. Februrary 28, 2011.

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• 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.

  David Spangler

  Love, Running, Creativity

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• Increasing access to federal student loans has been a bipartisan effort in Washington, one that I have supported. But it has created what many experts believe is a bubble in higher education, not unlike the housing bubble that preceded the financial crisis.

  Marco Rubio

  Dream, Believe, Effort

  Marco Rubio (2015). “American Dreams: Restoring Economic Opportunity for Everyone”, p.62, Penguin

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• The Death of Money is an engrossing account of the massive stresses accumulating in the global financial system, especially since the 2008 financial crisis. Jim Rickards is a natural teacher. Any serious student of financial crises and their root causes needs to read this book.

  John H. Makin

  Teacher, Stress, Book

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• Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.

  Jeremy Grantham

  Thinking, People, Giving

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• The financial crisis just made the hole deeper, which is why our stimulus needs to be both big and smart, both financially and educationally stimulating. It needs to be able to produce not only more shovel-ready jobs and shovel-ready workers, but more Google-ready jobs and Windows-ready and knowledge-ready workers.

  Thomas Friedman

  Jobs, Smart, Science

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• Altermodern is an in-progress redefinition of modernity in the era of globalisation, stressing the experience of wandering in time, space and mediums. The term 'altermodern has its roots in the idea of 'other-ness (Latin alter = 'other, with English connotation of 'different) and suggests a multitude of possibilities, of alternatives to a single route. It suggests that the historical period defined by postmodernism is coming to an end, symbolised by global financial crises.

  Nicolas Bourriaud

  Stress, Latin, Ideas

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• I got plenty of guesses wrong on things in the past as well. I don't want to pretend I have some great insight... But when the global financial crisis came along in 2008 it was scary times if you were in the middle of building $5 billion buildings. It wasn't perfect... I think that I am the luckiest person in Australia.

  James Packer

  Past, Thinking, Australia

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• In 2012, the far-right Golden Dawn won 21 seats in Greece's parliamentary election, the right-wing Jobbik gained ground in my native Hungary, and the National Front's Marine Le Pen received strong backing in France's presidential election. Growing support for similar forces across Europe points to an inescapable conclusion: the continent's prolonged financial crisis is creating a crisis of values that is now threatening the European Union itself.

  George Soros

  Strong, Money, Marine

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• 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

  Banking Crisis, People, Debt

  Liberal Democrat conference: Vince Cable speech in full, www.theguardian.com. September 22, 2010.

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• There is much to dislike about President Obama's approach to the financial crisis. But opposition, it seems, will have to come from somewhere other than conservatism. The party out of power is also a party out of touch.

  Thomas Frank

  Party, President, Financial

  "Conservatives and Their Pity Parties" by Thomas Frank, www.huffingtonpost.com. April 4, 2009.

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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.

  Hu Jintao

  Impact, Economy Today, World

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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.

  Kevin Rudd

  Years, Australia, Government

  "Biography/Personal Quotes". www.imdb.com.

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• Financial crisis is the moment of truth for real collectors and true artists.

  Victor Pinchuk

  Real, Artist, Financial

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