Quotes About Finance

him Bear was in danger of not having the cash to meet its obligations

JPMorgan was unwilling on its own to stand behind it.

How much of Citi's troubles could be blamed on Pandit is debatable;

Our emergency liquidity lending took many novel forms.

letting Citi go was not an option.

Because the loan was effectively for the benefit of Bear,

by making it costly for them to refinance.

Why the support for subprime lending?

its effectiveness greatly diminished after loan recipients were identified.

A quarter of homeowners would owe more on their mortgages than their homes were worth.

That's not the same as, or nearly as bad as, failing to raise the debt ceiling and defaulting on government debt.)

meeting by summarizing key financial developments

which would be responsible for managing the loans and would be on the hook for any losses.

I know it's hard to think of a $787 billion package as small, but its size must be compared with its objective of helping to arrest the deepest recession in seventy years in a $15 trillion U.S. economy.

might reduce the stigma of borrowing from the Fed.

much of the effect was offset by spending cuts and tax increases undertaken by state and local governments.

In the repo market, lenders were demanding more collateral for their loans, even when the collateral was of relatively high quality.

they were growing reluctant to lend,

Fuld had been unable to attract major investors in months of trying,

that letting Lehman go was a choice rather than an unavoidable outcome.

which would lead to further weakening in housing,

As it turns out, easier monetary policy tends to affect capital and labor incomes fairly similarly.

Our September rate cut drew the usual mix of praise and criticism.

it allows stock prices to reflect a full range of views.