Quotes About Financial crisis

The dot-com and housing bubbles can both be explained by artificial credit expansion, say such economists.

There was a revealing moment in the first presidential debate in September 2008, moderator Jim Lehrer asked the candidates, ''Are you willing to acknowledge, both of this financial crisis is going to affect the way you rule the country as president of the States?''Neither McCain nor Obama objected to Lehrer's phrasing. Both, it seemed, perfectly comfortable with the idea that it's the president's job to ''rule the country.

Just as the financial crisis has created toxic assets and 'zombie' financial institutions, so has it transformed conservatism into a movement of the living dead.

The right hon. Gentleman will be known for ever as the only Chancellor in the post-war period who brought this country to the brink of bankruptcy.

The 2008 financial crisis only deepened Chinese skepticism that free-flowing capital and floating exchange rates work swimmingly in a modern economy.

were a lot of bad actors). Let's start at the bottom: too many people borrowed too much money to buy real estate.

The Financial Crisis Inquiry Report describes, "By the time the process was complete, a mortgage on a home in south Florida might become part of dozens of securities owned by hundreds of investors—or parts of bets being made by hundreds more.

What was different about this crisis was that the institutional structure was different. It was not banks and depositors; it was broker-dealers and repo markets, money market funds and commercial paper. But the basic idea of providing short-term liquidity in order to stem a panic was very much what Bagehot envisioned when he wrote Lombard Street in 1873." 37

Bankrupt corporate capitalism is on its way to bankrupting the socialism that is trying to save it

Some 8,000 nonviolent Occupy protesters were arrested across the nation. Not one banker or investor went to jail for causing the 2008 financial meltdown. The disparity of justice mirrored the disparity in incomes and the disparity in power.

Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.

In September 2008, the two largest housing mortgage companies called Fannie Mae and Freddie Mac, which were government-sponsored enterprises, which hold hundreds of billions of dollars of mortgages, because of the losses they took on the mortgages, they essentially became insolvent, and the government had to take them over.

There were at least three major contributing factors to this alienation: the relative political autonomy of provincial and city chiefs, the hubris China experienced after the 2008–2009 global financial crisis, and the relatively weak central leadership in the 2000s.

Of course, the problems of external default, domestic default, and inflation are all integrally related. A government that chooses to default on its debts can hardly be relied on to preserve the value of its country's currency.

There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank.

Kaimo gyventojai nuolat rezga planus, kaip pakenkti kaimynams - linki jiems parazit?, nederliaus, finansin?s katastrofos, - ta?iau ištikus krizei visi pasireng? pad?ti.

A great debt is a great evil and a great national debt is a great national evil.

Ask any economist: broke is made of how you feel. The credit crunch didn't happen because people woke up any poorer than they'd been the day before; it happened because people woke up scared.

Families out there know that if they get in trouble and they've spent up a bunch of money and they've borrowed and they are up to hock to their necks, the thing they've got to do is start paying off what they owe and cut back their spending.

If America is a ship, it looks a lot like it's sinking - financially, morally, spiritually. It's frightening.

The subprime butterfly had flapped its wings and triggered a global hurricane.

Its prime cause was the rise and fall of 'securitized lending', which allowed banks to originate loans but then repackage and sell them on. And that was only possible because the rise of banks was followed by the ascent of the second great pillar of the modern financial system: the bond market.

the state has to pay 50 per cent, then even reliable commercial borrowers are likely to pay some kind of war premium. It is no coincidence that the year 1499, when Venice was fighting both on land in Lombardy and at sea against the Ottoman Empire, saw a severe financial crisis as bonds crashed in value and interest rates soared.

the lights in financial markets were flashing green, not red, until the very eve of destruction.