Quotes About Finance

Each time, the move had proved premature and the bank was forced to reverse itself.

to support the flow of credit to households and businesses.

foreclosed homes rarely resell for good prices,

They would fear having their ownership stake diluted,

each lender was typically reluctant to offer a modification without concessions from the other. Servicers

an inflation rate low enough that households and businesses did not take it into account when making economic decisions.

What changed Dimon's mind about acquiring Bear?

Portugal's relatively weak economy had in turn weakened its fiscal position.

In any case, the funds rate, by itself, is relatively unimportant.

The mistake increased Bear's shareholders' bargaining power.

How do you draw the line between a healthy, exciting economic boom and a wanton, speculative stock-market bubble driven by the less savory aspects of human nature? As I pointed out drily to the House Banking Committee, the question was all the more complicated because the two can coexist.

Wall Street and Main Street are interconnected and interdependent,

it is similar to the central bank balance sheets of other major industrial countries.

Fannie and Freddie also spent some of their profits on lobbying and political contributions, cementing the cozy relationship

it seemed to me that the health of the U.S. economy was linked to what happened in Europe.

However, markets saw the European effort as vague and insufficiently ambitious.

With that law still in place, Citi likely could not have become as large and complex as it did.

the stigma associated with borrowing from the Fed.

I saw the GSEs as the responsibility of Congress

why isn't cutting government spending a viable alternative to maintaining high taxes?

If you want to fight the evil you see in finance and industry, get to work reading the corporate filings, see if there has been fraud, and where you find it, report it to the SEC or write about it or blog about it.

Yes, Americans can still get credit for cars and trucks and refrigerators, and those businesses are doing well. But just try to get a home loan now.

The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves.

If you would be wealthy, think of saving as well as getting.