Quotes About Financial crisis

The U.S. federal government may be going broke, but it's not because of NASA.

The terminal stages of what we call capitalism, as Marx grasped, is not capitalism at all. Corporations feast on taxpayer money.

During the 1980s, prudent New Deal rules concerning mortgage loans were repealed, allowing people to get home loans with too little money down and interest rates that would "adjust" to unaffordable heights. So during the 1980s, the average price of a house in America doubled.

We called the CEO of Apple to see if there was anything they could do to help us. We expected him to say no like usual, but that didn't happen. It turns out that when they're losing a billion dollars a day and thinking they might starve to death, they suddenly remember the back door they built into their encryption." "You've got to be kidding." "Nope. Took 'em less than five minutes.

Brokerage firms have frozen their trading platform function today to not allow their clients to do transaction as market has fallen down drastically

Lock manufacturers are doing brisk business these days as the sale of its products is highest especially near stock market exchange because while the stock market is falling everyday and distrust growing towards it amongst traders, more and more brokerage house & MF SIP AMC offices are getting locked and unemployment soaring with layoffs

The way the stock market is plunging and touching new level everyday, traders are feeling as if stock market offices are going to be locked soon. Who would repay the amount to about 6 lakh daily traders and 90 Lakhs to 1 crore investors

In 1997, the International Monetary Fund bailed out South Korea's crippling financial crisis with a $58 billion loan upon the agreement that the nation open up its markets to foreign investors and relax labor market reforms, making it easier to hire and fire workers and loosen carbon emission standards so that American cars can be imported.

At first, Fannie and Freddie's quota for high-risk, subprime loans was 30 percent, but over time, the federal government sharply increased those quotas. In 1995, it was 42 percent. In 2000, it was 50 percent. By 2007, the quota reached a stunning 55 percent. Fannie Mae and Freddie Mac were literally being forced by law to make and rely upon absolutely horrible investments—investments so bad most people would never even dream of making them.

President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis that's been a shame.

This is the final bubble. The US government now has to keep printing money to keep things stable. Maybe when the economy booms again they can hold off—but that might be a while.

Uncertainty is killing this economy.

The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.

We all have people who are literally one life shock away from going into a crisis. For many of us, we have a buffer in one way or another. We have a savings account, or we have credit that we can go to. The underserved don't have that luxury.

The financial crisis of 2008-09 was in large part the result of the so-called 'success' of people who did not understand their fiduciary duty. This kind of 'success' is extremely harmful to all of society.

If you don't talk about families, then it's easy to disembody subprime mortgages and asset securitization and unemployment rates without remembering that every one of those numbers is a million families.

A serious dose of unemployment and a spate of bank failures can make the unelectable electable quite quickly.

Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate.

Unemployment in Florida peaked at 11.2 percent in 2009, higher than the national average, and the state was a center for home foreclosures.

I spent my whole career thinking about risk, markets, infrastructure, and regulation. I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem.

I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem.

The details of what the Fed did were kept secret until a provision in the Dodd-Frank Act that I sponsored required the Government Accountability Office to audit the Fed's lending programs during the financial crisis.

What began as a subprime lending problem has spread to other, less risky mortgages and contributed to excess home inventories that have pushed down home prices for responsible homeowners.

I'm not a rich man, and Greg Lake is certainly not. I don't know how he can survive. I don't know how he can be that suicidal. But having said that, I'd love to be there to help Greg.