Quotes About Crisis

The housing collapse and credit problems could feed on each other and fuel a more general downturn

the PDCF carried some stigma

were growing increasingly skeptical of Lehman's judgment of the value of its holdings.

But, despite all our efforts, panic persisted and credit remained frozen.

However, further limitations on emergency authorities, especially if combined with a rollback of the orderly liquidation authority itself, would leave the Fed and other agencies without essential tools to respond to the next crisis.

But what if the economy stalled yet again, perhaps for reasons outside our control, such as fiscal stringency at home or a resurgence of the European crisis?

He too greeted me warmly and praised the Fed's response to the crisis.

I did what I could to keep others in the loop on the Lehman negotiations.

One headwind was the lingering effects of the financial crisis.

which restricts the flow of credit, which makes the downturn deeper and more protracted.

we had no means of saving the firm.

in part because of a resurgence of the European crisis.

and it might even be the key to preventing the economy from sliding back into recession.

Although austerity in the more troubled countries was probably unavoidable, given how indebted they were, it predictably pushed them deeper into recession.

which left it unprepared for the shock of the crisis.

But the crisis was too large and complex for one senator to solve, even a nominee for president.

We worried that one or both candidates would try to use the crisis for political advantage, complicating any potential deal in the Congress.

Moreover, the nation's banks seemed ready to withstand any spillover from housing.

He and his company were caught up in a panic not

Unlike most other countries, the United States had required its banks to meet a minimum leverage ratio before the crisis, albeit at a relatively low level.

As the panic worsened,

Managing Wachovia consumed the weekend,

This time the problems ran deeper and the statement did not have its hoped-for effect.

in the aftermath of the Russian debt default.