Quotes About Financial crisis

In March 1780, Congress tried to restore monetary order by issuing one new dollar in exchange for forty old ones, a move that wiped out the savings of many Americans.

Then it dropped 400 points on a single trade.

These people could not be bailed out, of course, because the free market was free. Of course, at times of financial crisis the Government did, in fact, bail out the major institutions of the free market, but this did not in any way undermine the fundamental notion that the market must be free and this bailing out could, of course, not be extended to individuals within the free market. Some people are, alas, not intellectually capable of understanding arguments about such complex things.

Medicaid is essentially bankrupt, Medicare is essentially bankrupt, why the heck would we give the federal government another entitlement program to manage?

Unfortunately, we don't have a bankruptcy process. Suppose the state actually just gets to the point where it cannot meet all of its promises that it's made. We might need a way to figure out, O.K., well, who's not going to get what they were promised? This is what we had to do for the city of Detroit.

It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use.

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.

I described the euro as a burning building with no exits and so it has proved for some of the countries in it.

You seem to be bankrupt - morally as well as financially

Various studies estimate that somewhere between 70 million and 430 million people will be pushed back into extreme poverty over the next few years. The most essential inequality—between the very richest and the poorest humans on the planet—is now growing again and at a rapid rate.

seems Valentine Mitchell is in the mood to talk. All I did was listen. What you don't know, nor did I know, is this. The Colemans are in serious financial difficulty. They're about to lose the ranch because of a severe drought. They've had to sell off the cattle and Thoroughbreds. There

A Fed loan to Lehman Brothers would not have prevented a bankruptcy.

The European Union is becoming more economically feeble every year.

Let me tell you, one of the most proud aspects of my career was buying Indymac during the financial crisis.

My low point was after being reorganized out of running Merrill Lynch. That dismissal deeply contradicted my sense of fairness, since, at the time, my team and I had done what we were brought in to do: We had turned Merrill Lynch around from the depths of the financial crisis.

At some point, there will be some other financial crisis. It's in the nature of a capitalist system.

Dodd-Frank has disproportionately burdened community banks, despite their having no role in the financial crisis.

I always wanted to make 'Freedom,' but I had to drop the idea due to financial crisis.

The financial crisis of 2008 created a seismic shift in the dynamics of trust in financial services. FinTech would have happened without the global financial crisis - but it would have taken much longer.

If the financial system collapses, it's really, really hard to put it back together again.

An AIG failure would have been devastating to the financial system and to the economy.

I want to see somebody go to jail over the financial crisis and not just black, brown and poor whites over humbles and minor drug beefs.

The 2008 financial crisis and the Great Recession that followed have had devastating effects on the U.S. economy and millions of American lives. But the U.S. economy will emerge from its trauma stronger and widely restructured.

In September 2008 - as Lehman Brothers filed for bankruptcy and AIG, the world's biggest insurance company, accepted a federal bailout - Senator John McCain of Arizona, in what was widely viewed as a political move, suspended his presidential campaign and called on Obama to rush back to Washington for a bipartisan meeting at the White House.