Quotes About Financial crisis

during the 2008 crisis, corporate welfare reached new heights. In the great bailout of the Great Recession, one corporation alone, AIG, got more than $180 billion—more than was spent on welfare to the poor from 1990 to 2006.68 As

Now I'm hiding in Honduras/ I'm a desperate man/ Send lawyers, guns and money/ The shit has hit the fan — lyrics from Lawyers, Guns and Money song. Copyright © Warren Zevon 1978

Los resultados pueden ser devastadores. Recientemente, dos estudiantes universitarios en Oklahoma se dieron por vencidos por sus tarjetas de crédito y se suicidaron, dejando las cuentas en la cama junto a ellos.

I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was invented to do exactly that.

We never did these kinds of loans that really started this mess, the subprime loans. We just never got into that business. We were enticed a lot of times to do so by a lot of Wall Street-type players, but I, frankly, never understood some of this stuff.

I bet taxpayers remember providing more than $812 billion to Citigroup and Bank of America, two Wall Street banks, in 2009 to bail them out during the 2008 financial crisis. Taxpayers remember that generosity; big banks evidently don't.

Created by Congress as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB was a direct response to the financial crisis and ensuing Great Recession that began with the subprime mortgage debacle and the unraveling of Lehman Brothers investment bank.

Food Stamp recipients didn't cause the financial crisis; recklessness on Wall Street did.

Taxpayers have put more than $24 trillion on the line to resuscitate Wall Street after the economic meltdown of last year. With the help of this massive taxpayer support, the nation's largest banks are posting record profits.

I was with top CEOs in 2009, and they were clearly shaken. Top leaders of Wall Street and elsewhere, shaken. The ones at the top did get by because if they are seeing a decline somewhere, there is also growth elsewhere, like in emerging economies.

I turned on Wall Street for the same reason everybody else did: The American taxpayer was forced to cut mook deals to bail out guys who didn't deserve it.

Once again, the puppets on Capitol Hill are about to slam the Muppets on Main Street. The country still hasn't recovered from the Wall Street-induced financial cataclysm of 2008, yet Congress is preparing to enact the Orwellian 'JOBS Act' - a bill that should in fact be called the 'Return Fraud to Wall Street in One Easy Step Act.'

The single most remarkable (and revealing) fact of the Obama presidency may very well be the lack of a single prosecution of Wall Street executives for the massive fraud that precipitated the 2008 financial crisis.

On Wall Street, financial crisis destroys jobs. Here in Washington, it creates them. The rest is just details.

We need to hold Wall Street accountable for issuing the kinds of deceptive loans that nearly brought our economy to its knees in 2008.

Helping Wall Street regain confidence and stability was the last thing an angry public wanted in 2009 after the markets crashed. But without such support, markets can buckle and liquidity can disappear - often for decades, as has been the case in Japan.

A more robust approach to global warming is needed if we are to avoid catastrophe. Unlike the recent financial crisis, there is no bailout option for the earth's climate.

It's Obama's bad luck that he got elected just as the mayhem of the foreclosures, the banking collapse, and the General Motors disaster was accelerating the surge in unemployment to warp speed.

When President Obama entered the White House, the economy was in a free-fall. The auto industry: on its back. The banks: frozen up. More than three million Americans had already lost their jobs. And America's bravest, our men and women in uniform, were fighting what would soon be the longest wars in our history.

The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets.

I do not hear any plan for sheltering Canadians from the next global financial crisis, which is coming for all of us as surely as arthritis is stalking the boomers.

I was lucky enough to see with my own eyes the recent stock-market crash, where they lost several million dollars, a rabble of dead money that went sliding off into the sea.

Printing money is the last resort of desperate governments when all other policies have failed.

Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket.