Quotes About Financial crisis

If 'Brexit' really is a political crisis, it should be treated as a political crisis - and not, despite all the market upheaval, a financial or economic one.

After the global financial crisis of 2008, populist uprisings had sprouted across Europe. Putin and his strategists sensed the beginnings of a larger uprising that could upend the Continent and make life uncomfortable for his geostrategic competitors.

The motto of the old order in the City of London was, 'My word is my bond,' but the financial crisis revealed a culture quite alien to that heritage. The stewards of people's money were revealed to have been speculators with it.

I was 5 years old when the stock market crashed; I lost everything.

In early 2008, before the criminal greed of America's mortgage and investment bank industry nearly destroyed the world's economy, the balance sheet of the U.S. Federal Reserve stood at about $870 billion.

The financial crisis in our country is not a passing storm. Given the size of the problems, our national effort will not be completed in 2012. It will take many years and will require the efforts and insistence of several governments.

The predominant view was that budgets should be balanced and money supplies tightened. This, as we know today, only made matters worse.

During the financial crisis and bailouts of 2008, it probably occurred to very few average people that we were entering a period of hardship for billionaires.

When I came in, the city was on the edge of bankruptcy. I'm proud of what I did. I built the foundation that mayors after me built upon - particularly Bloomberg. But the foundation was essential because if it hadn't occurred, we would have been another Detroit.

The escalation of home prices that had allowed refinancing to pay off more debt had stopped. With a decline in housing prices, overleveraged borrowers suddenly faced a mounting debt burden—and in the worst cases owed more than the house was worth.

the first national economic collapse. The state banks, flush with federal deposits, were instructed to lend it freely, leading to runaway land speculation.

the October Revolution of 1917 brought seismic changes to the city. In November, the 'agitators' arrived and with the support of local railway workers staged a Bolshevik coup d'état. This was swiftly followed by industrial and financial crisis as the city fell into debt and bankruptcy. Then followed arrests, shootings, confiscations and fear.

We urge the Department of Justice to carefully investigate and aggressively prosecute all senior bank officials who participated in manipulating the London interbank offered rate throughout the financial crisis.

Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it.

les 8 900 milliards de dollars que les gouvernements des États industriels ont versés en 2008-2009 à leurs banques respectives correspondent à soixante-quinze ans d'aide publique au développement... (p. 87)

Think about last time you were broke ... now how well did it go with spending your way out of it? Did that work?

The financial crisis was linked to the fact that banks had excessive leverage and too many risky assets. The solution is not to try to dictate to banks what they can do or not do, but to require them to strengthen their capital to absorb potential losses and hold less risky assets.

It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.

Asean is obviously a very important association for us. Over the past 30 years Asean has made great strides in regional cooperation covering a number of areas, although recently it has been under strain because of the financial crisis and other challenges.

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.

The United States is much further along because its financial crisis struck three years before Europe's, in 2008, causing headwinds that have pressured it ever since.

Fortunately, when Korea was struck by the 1997/8 financial crisis, that was a good opportunity for us to engage in fundamental reforms and strengthen our financial structure. As a result, our financial regulatory structure and regime have been very much strengthened.

I opposed the bailout of banks and car companies.

I think it's often discussed that leaving the Euro is an option for Greece. I think this is really not an option.