Quotes About Financial crisis

You can tell that the capitalist system is in trouble when people start talking about capitalism.

Managing and navigating through a financial crisis is no fun at all.

The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient.

Goldman Sachs, uno de los principales arquitectos de la crisis actual, es más rica que nunca. El grupo anunció en voz baja 17.500 millones de dólares en remuneraciones para 2010, y el director general Lloyd Blankfein recibió un bono de 12.600 millones

The financial crisis we are facing today arises from the fact that there is almost no more social, cultural, natural, and spiritual capital left to convert into money.

Contemporaneous with the financial crisis we have an ecological crisis and a health crisis. They are intimately interlinked. We cannot convert much more of the earth into money, or much more of our health into money, before the basis of life itself is threatened.

In the five hours the market had gone mad on October 29, it was later estimated that almost as much money in capital value vanished into thin air as the United States had spent on World War I. The loss was around ten times the budget of the Union in the entire Civil War.

One of them, in 1925 the newly elected Finance Minister, Anatole de Monzie, when making his inaugural speech forthrightly declared: "Gentlemen, the treasury is empty." It was a mistake. De Monzie survived this spark of lucidity by only a few hours; that afternoon he found himself removed from office.

La debilidad fundadora de todas las otras debilidades del Estado mexicano es su penuria fiscal.

totally broke, remember? And your bail is five

The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies.

To my mind, the main reason for the Depression in the United States as a whole, is the bondage of debt and the spirit of speculation among the people.

The entire exhibitions industry in the United States of America has filed for bankruptcy.

It's better to have the taxpayer pay for the losses than have the United States of America become an economic wasteland. If the financial system collapses, it's really, really hard to put it back together again.

I came to the University of Chicago on the morning of January 2, 1932. I wasn't yet a graduate of high school for another few months. And that was about the low point of the Herbert Hoover/Andrew Mellon phase after October of 1929. That's quite a number of years to have inaction.

American business would be run better today if there was more alignment between CEOs' interest and the company. For example, would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take a very small percentage of every mortgage-backed security... or every loan they made?

There is much to dislike about President Obama's approach to the financial crisis. But opposition, it seems, will have to come from somewhere other than conservatism. The party out of power is also a party out of touch.

There's no time, place, or purpose of a government shutdown or default.

In February 1720 an edict was published, which, instead of restoring the credit of the paper, as was intended, destroyed it irrecoverably, and drove the country to the very brink of revolution...

Did you know there's now a coin shortage? Yes, America is literally out of common cents.

It's a recession when your neighbor loses his job; it's a depression when you lose yours.

In the days following the crash, an axiom as old as the Republic came into play once more. In good times Wall Street wanted Washington to leave it alone. In bad times it wanted Washington to act.

When historians look at the Obama presidency, they're likely to credit him especially for doing the politically unpopular things that were needed in 2009 to salvage the financial wreckage.

Much of the blame for the Great Recession lies with abuses in the housing market - namely the creation of risky and unsustainable home loans that were packaged and sold as quality investments around the globe.