Quotes About Finance

Greenspan did not put a high priority on consumer protection.

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

the PDCF carried some stigma

A coordinated rate cut presented tricky logistical problems.

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

Banks have spent hundreds of millions of dollars complying with the new rules and are not looking for a rollback.

In other words, the world will face the threat of financial crises as long as risk-taking and maturity transformation remain central to finance, and as long as humans remain human. Unfortunately, disaster will always be possible.

Inflation prospects posed some tricky issues.

We—correctly, in hindsight—had resisted raising interest rates.

The Fed is normally very profitable, since we typically earn a higher interest rate on our Treasury and mortgage-backed securities than we pay on the bank reserves that finance our holdings

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

Tight fiscal policies were arguably offsetting much of the effect of our monetary efforts.

in part because of a resurgence of the European crisis.

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

MARKETS SEEMED TO anticipate QE2 and take it in stride.

but sometimes it seemed that she put the fund ahead of the interests of the broader financial system.)

Relative to the enormous size of the mortgage market, the number seemed small to me.

a sign that investors weren't shunning the mortgage securities to the extent that they had been.

He has been very resistant" to capital injection,

thereby supporting the flow of credit to households and businesses.

This is unusual but so are market conditions,

Investors were unwilling to buy securities they knew little about.

in the aftermath of the Russian debt default.

After all, who knows more about the local economy than a community banker?