Quotes About Financial crisis

We're spending money that we don't have to solve a problem that doesn't exist at the behest of people we didn't elect.

Our bailout of Detroit will be remembered as the equivalent of pouring billions of taxpayers' money into the mail-order catalogue business on the eve of the birth of eBay.

One of the very difficult parts of the decision I made on the financial crisis was to use hardworking people's money to help prevent there to be a crisis.

All right, let's not panic. I'll make the money by selling one of my livers. I can get by with one.

I do sense that the financial system is under the gun. In order to keep our system and economies moving globally, there's the need to extend new money.

We have a retirement crisis in America today nor from a lack of money, but from a lack of vision

A disordered currency is one of the greatest political evils.

was glaringly obvious that a new currency at Facebook scale would be a systemic risk — it would be big enough to break everything. Regulators and legislators had Libra's number immediately — they knew this kind of foolishness, and they knew that these Bitcoin venture capital bros were absolutely stupid and arrogant enough to do another 2008 financial crisis all by themselves.

The difference, though, was that this time, the bankers were doing it on an inconceivable scale: the total amount of debt they had run up was larger than the combined Gross Domestic Products of every country in the world—and it threw the world into a tailspin and almost destroyed the system itself.

The good news is, we're not bankrupt. The bad news is, we're close.

A default of the US government would not only be very harmful here, it would probably send the country back into deep recession, but it just might crash the international financial system.

The government cannot become a bailout organization for companies on the verge of bankruptcy.

The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.

Despite Russia's move to raise interest rates this week, the value of the ruble has continued to crash. Russia's economy is so bad, Edward Snowden had to put government secrets on Craigslist.

When government is... bailing out banks... we have every good reason to be alarmed.

Once our country is fully engulfed in a debt crisis, our economy will be torn apart, and every American will be a victim of the federal government's failure to prevent this disaster.

Is bankrupting this great country the top priority of this administration?

How much would you pay to avoid a second Depression?

We have the worst revival of an economy since the Great Depression. And believe me: We're in a bubble right now.

No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.

Million bucks won't see you through a major health crisis.

My daughter asked me when she came home from school, "What's the financial crisis?" and I said, it's something that happens every five to seven years.

Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance.

We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.