Quotes About Financial crisis

I think, my generation, it's hard to have hope when you got a $700-trillion derivatives debt to pay and a bubble about to explode and $500 trillion worth of GDP.

Wall St. Lays an Egg.

Consider the recent financial crisis and its link to faulty reward systems. President Bill Clinton's objective of increasing homeownership by rewarding potential home buyers and lenders is one example. The Clinton administration went to ridiculous lengths to increase homeownership in the United State, promoting paper-thin down payments and pushing lenders to give mortgage loans to unqualified buyers according to Business Week editor Peter Coy.

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.

The fall of Wall Street is for market fundamentalism what the fall of the Berlin Wall was for communism.

En junio de 1922, con un marco se podían comprar dos cigarrillos; con doscientos setenta y dos marcos, un dólar americano. En marzo de 1923, el mismo día en que Paul metió al descuido una patata de más en la bolsa de la señora Schmidt, hacían falta cinco mil marcos para comprar un cigarrillo, y veinte mil para entrar en un banco y salir con un reluciente billete de un dólar.

I logged into my bank accounts, and they were all seized, all frozen. So that was a pretty clear indication that I was in big trouble.

We have institutions that have been allowed to become too big to fail because we had all kinds of flaws in our financial infrastructure, in the whole way over-the-counter derivatives work.

You can't look back at the worst financial crisis of our lifetimes that started in 2008 and not have some important lessons about the critical nature of oversights in financial markets and institutions.

I did not forsee a day where the government had to intervene to bail out basically everybody.

La actual crisis financiera y económica internacional debería enseñar a Occidente a evitar la autocomplacencia y desconfiar de su propio materialismo.

What had been lost in the financial crisis and the leadership transition was trust, and it was a steep price to pay. Without trust, you can't have the kind of culture that Reell once had. For that matter, you can't be a small giant without trust. Once you've lost it, moreover, it's extremely difficult to get back—especially if you lack consensus about the source of the problem and alignment around a course to follow.

If AIG collapsed, it would have buckled our financial system and wrought economic havoc on the lives of millions of our citizens.

The end of the 'tech bubble' in the year 2000 is, of course, widely recognized, as the NASDAQ stock index erased three-quarters of its value between 2000 and 2003.

Despite all the hoopla - despite all the umpa - after 5 years of UDP mismanagement, corruption, and incompetence, we have sunk deeper into debt of $2.4 billion: some $200 million deeper in debt.

The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.

Venezuelans live on 3 dollars a month. That's a tragedy. That is impossible to survive under these conditions.

We are in a situation with the huge stimulus package that's going to be spent all across this nation and a big financial crisis and banking crisis. And what we need is good, trained journalists who can play the role of watchdog.

From nuclear waste to Northern Rock and Metronet, risk is never transferred to the private sector - the state will always be forced to step in where there is a clear public interest.

The financial crisis is a stark reminder that transparency and disclosure are essential in today's marketplace.

Greece was born in a state of economic default and international receivership.

Financial crisis is the moment of truth for real collectors and true artists.

Germans longed to be near shit, but not in it. This, as it turns out, is an excellent description of their role in the current financial crisis.