Quotes About Financial crisis

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

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

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

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

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.

it became a truly deep recession only after the panic reached its peak, in September and October 2008.

Lehman's condition was probably worse than reported at the time,

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

All this financial turmoil had direct consequences for Main Street America.

Today I wonder whether we should have been more forthcoming, and not only because our vagueness has promoted the mistaken view that we could have saved Lehman.

Would it have been better for market confidence to have admitted that we were unable to save Lehman?

the Fed had only limited ability to help homeowners in trouble.

There was simply no historical precedent for solving a financial crisis of this magnitude without significant taxpayer dollars and the political will to undertake the effort.

In that sense, a Lehman-type episode was probably inevitable.

commentary focused on the unfairness of bailing out Wall Street (a sentiment with which I agreed) rather than on what would have happened had we not acted.

The Bear Stearns rescue was followed by a period of relative calm, but we remained wary.

delinquencies and defaults increased to levels not seen since the Depression,

But in a financial crisis, the words of government officials carry extraordinary weight.

But the situation at the GSEs was getting more dire by the day. "The

The financial implode is bound to be reflected in the movies that are being made, there's no question.

President Obama has a good sense not just of the economic requisites for financial crisis firefighting but also how you build political support for moving forward on reforming the financial system, making sure that the banks are carrying enough capital.

In the late 1990s, Mugabe's misguided policies sent our economy and agricultural productivity, our country's lifeblood, plummeting into the abyss. To make up for the financial shortfall, his regime attempted to print its way out of the mess, immediately resulting in inconceivable hyperinflation, topping out at 231 million percent.

In the wake of the 2008 recession, Congress and the Obama Administration rightly focused financial regulation on protecting the nation's financial system from itself.

Soon after the financial crisis of 2008, I was at a meeting in Washington with a group of U.S. senators. They had invited me to provide a point of view on new regulation; regulation aimed at ensuring we never have to go through the events of 2008 ever again.