Banking Crisis Quotes

Large numbers of under-capitalized banks were a recipe for financial instability, and panics were a regular feature of American economic life - most spectacularly in the Great Depression, when a major banking crisis was exacerbated rather than mitigated by a monetary authority that had been operational for little more than fifteen years. ~ Niall Ferguson

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. ~ Jean-Francois Cope

The market, as we're all painfully aware in the aftermath of the banking crisis, can be an idiot. It has no perception of right or wrong, or even sensible or insane. It sees profit. ~ Nick Harkaway

The Federal Reserve System had been established to prevent what actually happened. It was set up to avoid a situation in which you would have to close down banks, in which you would have a banking crisis. And yet, under the Federal Reserve system, you had the worst banking crisis in the history of the United States ~ Alan Ebenstein

We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as having an overall duty to keep the system solvent. Otherwise, there could be dangerous delays if a banking crisis did hit. ~ John Redwood

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises. ~ Lawrence Summers

The stuff that's going on is just so over-the-top, with the banking crisis and destroying the Gulf of Mexico, and the outrage hasn't quite caught up with the people yet. But when it does, I think you're going to see really virulent anti-authoritarian kind of comedy coming out. ~ Adam McKay

Don't wait until you're in a crisis to come up with a crisis plan. ~ Phil McGraw

There is a well-established conviction that the central banks always do what is necessary to keep the system going and then afterwards you then take care of the legal aspects. In a crisis, you simply do not have time to think about such concerns for too long. ~ George Soros

An oil crisis looms, prices are spiking - and our president is extolling algae. After Solyndra, Keystone and promises of seaweed in their gas tanks, Americans sense a president so ideologically antipathetic to fossil fuels - which we possess in staggering abundance - that he is utterly unserious about the real world of oil in which the rest of us live. ~ Charles Krauthammer

The system of banking have[for]ever reprobated. I contemplate it as a blot left in all our Constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens. ~ Thomas Jefferson

As recently as the early 1970s, a Republican president - Richard Nixon - was willing to impose wage and price controls to rescue the U.S. economy from crisis, popularizing the notion that "We are all Keynesians now." But by the 1980s, the battle of ideas waged out of the same Washington think tanks that now deny climate change had successfully managed to equate the very idea of industrial planning with Stalin's five-year plans. Real capitalists don't plan, these ideological warriors insisted - they unleash the power of the profit motive and let the market, in its infinite wisdom, create the best possible society for all. ~ Naomi Klein

The hottest places in hell are reserved for those who, in times of great moral crisis, maintain their neutrality. ~ Dante Alighieri

Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off. ~ Carlos Slim

For individuals and organizations alike, a reputation is far easier to destroy than it is to build. ~ Andrew Griffin

My personal position is we have to look beyond the parties now and find a realistic solution to get us out of this crisis which would be to create growth and this isn't something that is going to happen by populism. ~ Eva Kaili

Crisis is both danger and opportunity. ~ Chinese Quote

Some people say that the climate crisis is something we have all created. But that is just another convenient lie. Because if everyone is guilty then no one is to blame. ~ Greta Thunberg

The population explosion is the primary force behind the remaining six groups of critical global events [diminishing land resources, diminishing water resources, the destruction of the atmosphere, the approaching energy crisis, social decline, and conflicts/increasing killing power]. ~ Ron Nielsen

This crisis of long-term unemployment is having a profoundly damaging impact on the lives of those bearing the brunt of it. We know this thanks to a series of careful studies of the problem conducted in the depths of the 1930s Great Depression. ~ Barry Eichengreen

Similarly, I think I'm lucky that I've never had a crisis about whether the only reason I'm successful is because I'm crazy hot. It's not something that crosses my mind. ~ Anna Kendrick

Poetry is a natural energy resource of our country. It has no energy crisis, possessing a potential that will last as long as the country. Its power is equal to that of any country in the world. ~ Richard Eberhart

The President and the Democrats on Congress have exploited the financial crisis to advance their socialist big government tax, spend and borrow agenda. ~ Bradley A. Blakeman

Mr. Chairman, delegates, and fellow citizens: I am honored by the support of this convention for vice president of the United States. I accept the duty to help lead our nation out of a jobs crisis and back to prosperity - and I know we can do this. ~ Paul Ryan

Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it. ~ James Grant

Here's the truth, simply stated ... bookstores are suffering from a serious crisis of falling sales. Don't believe a single zero of all those editions claimed to be 100,000! 40,000! ... even 400 copies! just for the suckers! Alack! ... Alas! ... only love and romance ... and even then! ... manage to keep selling ... and a few murder mysteries ... ~ Louis Ferdinand Celine

The increased incidence of abductions represents a major challenge within the ongoing humanitarian crises. The kidnapped archbishops have suffered terribly, and their families have suffered immensely not knowing what has become of them. ~ Widad Akreyi

Increasing access to federal student loans has been a bipartisan effort in Washington, one that I have supported. But it has created what many experts believe is a bubble in higher education, not unlike the housing bubble that preceded the financial crisis. ~ Marco Rubio

So far, Indian companies have focused more on customer application. This needs to shift to packaged software for sectors such as banking and financial services. ~ Sanjay Kumar

[Having] appropriated to itself all conscious intelligence in the universe ... Man faces the existential crisis of being a solitary and mortal conscious ego thrown into an ultimately meaningless and unknowable universe ... and the psychological and biological crisis of living in a world that has come to be shaped in such a way that it precisely matches his world view-i.e., in a man-made environment that is increasingly mechanistic, atomized, soulless, and self-destructive. ~ Richard Tarnas

Crisis either causes regress or progress depending on the will of the people. ~ Abhijit Naskar

The crisis that the world finds itself in as it swings on the hinge of a new millennium is located in something deeper than particular ways of organizing political systems and economies. ~ Huston Smith

The administration in my view is once again manufacturing a crisis. There is no crisis in the Social Security system. The system is not on the verge of bankruptcy. ~ Paul Sarbanes

In the end, the British didn't vote to leave because of the euro. They're not even members of the currency union. Even the refugee crisis hardly affected the country. ~ Jean-Claude Juncker

Like the Nazis, the cadres of jihad have a death wish that sets the seal on their nihilism. The goal of a world run by an oligarchy in possession of Teutonic genes, who may kill or enslave other 'races' according to need, is not more unrealizable than the idea that a single state, let alone the globe itself, could be governed according to the dictates of an allegedly holy book. This mad scheme begins by denying itself the talents (and the rights) of half the population, views with superstitious horror the charging of interest, and invokes the right of Muslims to subject nonbelievers to special taxes and confiscations. Not even Afghanistan or Somalia, scenes of the furthest advances yet made by pro-caliphate forces, could be governed for long in this way without setting new standards for beggary and decline. ~ Christopher Hitchens

If you have a radio, the next three months is a good time to have it quit working. All you will hear from now until the 4th of November will be: 'We must get our government out of the hands of predatory wealth.' 'The good people of this great country are burdened to death with taxes. Now what I intend to do is ... ' What he intends to do is try and get elected. That's all any of them intend to do. Another one that will hum over the old static every night will be: 'This country has reached a crisis in its national existence.' ~ Will Rogers

The crisis prompted the issue of emergency paper money: in Britain, £1 and 10s Treasury notes; in the United States, the emergency currency that banks were authorized to issue under the Aldrich-Vreeland Act of 1908.46 Then, as now, the authorities reacted to a liquidity crisis by printing money. ~ Niall Ferguson

Fortunately or unfortunately, the one predictable thing in any organization is the crisis. That always comes. That's when you do depend on the leader: The job of the leader is to build an organization that is battle-ready, that has high morale, that knows how to behave, that trusts itself, and where people trust one another. ~ Peter Drucker

The sight of a fair young girl, as frank and wholesome as the Sierra breezes, had stirred his volcanic, untamed heart to its very depths. When she had vanished from his sight, he realized that a crisis had come in his life, and that neither silver speculations nor any other questions could ever be of such importance to him as this new and all-absorbing one. The love which had sprung up in his heart was not the sudden, changeable fancy of a boy, but rather the wild, fierce passion of a man of strong will and imperious temper. ~ Arthur Conan Doyle

If you are faced with the question of whether or not to surrender, make a determination to go on through the crisis, surrendering all that you have and all that you are to Him. And God will then equip you to do all that He requires of you. ~ Oswald Chambers