Financial Crisis Quotes - Page 6

• 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.

  Kabir Sehgal

  Self, Views, Lasts

  Source: bobmorris.biz

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• 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.

  Kalle Lasn

  People, House, Leader

  Source: www.guernicamag.com

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

  Lloyd Blankfein

  Kind, Financial, Crisis

  Source: uk.businessinsider.com

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• At a Texas college, a football field that was turned into a farm. The Tigers of Paul Quinn College lost more football games than they won on this field. So, years ago, when the historically black college on the South Side of Dallas was in financial crisis and had a 1 percent graduation rate, a new president turned everything over, including the football field.

  Hari Sreenivasan

  Football, College, Black

  Source: www.pbs.org

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• Because we [the USA] are so powerful, our failures resonate more. In some ways, the worst victims of our institutional and elite failures, through the ripple effect of financial crisis and war, aren't Americans.

  Chris Hayes

  Powerful, War, Usa

  Source: www.salon.com

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• American business would be run better today if there was more alignment between CEOs' interest and the company. For example, would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take a very small percentage of every mortgage-backed security... or every loan they made?

  Aubrey McClendon

  Running, Example, Would Be

  "Chesapeake Energy: Everything You Need To Know About The ‘World’s Biggest Fracker’". stateimpact.npr.org. May 29, 2012.

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• President Obama inherited a broken country mired in two wars, a financial crisis, a mortgage mess and more than we all probably even know about and has in my opinion brought us back from the brink. But I still see my friends in no better shape and the gap widening.

  Don Cheadle

  Country, War, Two

  "Don Cheadle Says President Obama Should Have Been More ‘Gangster,’ Clarifies Comments". www.huffingtonpost.com. December 30, 2011.

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• I fear the financial crisis of 1998 may become the trade crisis of 1999.

  Bill Vaughan

  May, Financial, Crisis

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• Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.

  Hillary Clinton

  Wall, Eye, Eight

  Source: time.com

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• I admire President Obama. He inherited the worst financial crisis since the Great Depression. That was a terrible time for America.

  Hillary Clinton

  America, President, Financial

  "Transcript of the Second Debate". www.nytimes.com. October 10, 2016.

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• 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.

  Barack Obama

  Teacher, Nurse, Police

  Source: www.nytimes.com

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• 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!

  Judith M Bardwick

  Lying, People, Dumb

  Source: bobmorris.biz

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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.

  Ben Bernanke

  Financial, Great Depression, Results

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• 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.

  Matt Taibbi

  Safe, Financial, Compass

  "The Last Mystery of the Financial Crisis" by Matt Taibbi, www.rollingstone.com. June 19, 2013.

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• 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.

  Charles Eisenstein

  Earth, Financial, Ecological Crisis

  Charles Eisenstein (2011). “Sacred Economics: Money, Gift, and Society in the Age of Transition”, p.127, North Atlantic Books

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• The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.

  Nouriel Roubini

  Risk, Financial, Economic

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