Quotes About Financial crisis

Most governments in western countries are basically bankrupt. They won't be able to guarantee you a safe retirement like your parents might be enjoying right now.

The rumors were that at least one of the three largest commercial banks would go bankrupt, similar to LTCB (Long Term Capital Bank) a couple of years before, causing a market shock that would reverberate around the world. I

the 2008 crisis is a textbook case for the theory of information

There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.

Not every financial company toppled during the 2008 crisis, and some seized the opportunity to take advantage of weaker competitors in the midst of the tumult.

The financial crisis revealed important weaknesses in many areas of our financial system.

In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables.

The whole banking sector in Mexico was literally bankrupt. For whatever reason, instead of intervening in the sector or supporting the banks, the government expropriated them. We went through the very laborious period of selling the failing banks to the wealthy people of Mexico.

There are more myths about Black Wednesday than the Greeks ever created.

Making economic policy isn't a popularity contest, especially when financial markets are in a panic.

We must learn the lessons of the 2008 crash: no company should be able to become too big to fail.

Not one criminal charge has ever been brought to any bank executive associated with the 2008 crisis. And in fact, it gets worse. No bonuses and none of their equity was taken.

This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk.

With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully.

The heart of the 2008 financial crisis was a coterie of reckless financial executives, working for too-big-to-fail financial companies, who were handsomely compensated for taking risks that almost ruined the economy when they failed.

Because when the crash comes, the government needs to nationalize the banks. No more bailing them out and forcing taxpayers to foot the bill. You

Systematic research supports the message of these cases. As noted in an article in the New York Times, "even in the most extreme circumstances—like the financial crisis—directors bore little consequence for their poor decisions.

The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished.

I think the bailouts in 2008 were wrong. And I think, you look in hindsight, it was a lot of misinformation that was presented about the bailouts of the banks in the West.

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.

When I came to America, there was a lot of decadence in New York in the early '70s because the city was bankrupt and you could do whatever you want!

I was in the equity-trading department at Merrill Lynch. I was there in 1987 when the market crashed.

Even if consumer confidence hit rock bottom, that most likely would not be enough, by itself, to cause a depression.

If you look at 2009, why did the recovery happen? Recovery happened because somebody in the world's largest economy opened the tap: the U.S., followed by Europe and now Japan.