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Financial Crisis Quotes

On markets under strain.

These quotes look at financial crisis from different angles, including the observation that on Wall Street a crisis 'destroys jobs' while in Washington 'it creates them,' a contrast related to About quotes.

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

Quotes by Timothy Noah

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.

Quotes by Taavet Hinrikus

One of the big problems we had during the financial crisis was the intermingling of banks and holding companies and complex securities.

Quotes by Steve Mnuchin

My old firm, Goldman Sachs - traditionally, the best banks are leveraged 8:1. When we had the financial crisis in 2008, the investment banks were leveraged 35:1. Those rules had specifically been changed by a guy named Hank Paulson. He...

Quotes by Steve Bannon

Able Quotes

If the Asian financial crisis had the impact of accelerating China's rise, the transatlantic financial crisis has had the effect of accelerating Germany's rise.

Quotes by Sanjaya Baru

The United States is much further along because its financial crisis struck three years before Europe's, in 2008, causing headwinds that have pressured it ever since.

Quotes by Roger Altman

People aren't as impressed by homes anymore after they saw how they collapsed in price with the financial crisis.

Quotes by Robert J. Shiller

We urge the Department of Justice to carefully investigate and aggressively prosecute all senior bank officials who participated in manipulating the London interbank offered rate throughout the financial crisis.

Quotes by Peter Welch

Veterans are driven by the same frustrations that the public has with what is happening in Washington... the fiscal irresponsibility and the financial crisis that our country is facing.

Quotes by Pete Hegseth

About Quotes

What we know about the global financial crisis is that we don't know very much.

Quotes by Paul Samuelson

Starting in the wake of the 2008 GFC (Global Financial Crisis), market observers have warned of a crash in the bond market. Initially, it was believed that the trillions printed to bail out the banks would cause inflation and, therefore,...

Quotes by Max Keiser

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly...

Quotes by Mark Skousen

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.

Quotes by Lee Myung-bak

Not every business cycle has a financial crisis. Frequently they do.

Quotes by Kenneth Arrow

Bail Quotes

Barack Obama took office in the middle of a massive financial crisis. He was handed a bunch of messes all around the world and at home.

Quotes by Jon Lovett

The financial crisis was linked to the fact that banks had excessive leverage and too many risky assets. The solution is not to try to dictate to banks what they can do or not do, but to require them to...

Quotes by John Paulson

Sure, I travel. I went to Washington to negotiate a $1 billion prepayment to Mexico on its oil revenues to help it out of its financial crisis.

Quotes by John Gavin

Low-volatility funds, which tend to smooth out performance, have been especially popular since the financial crisis. The PowerShares S&P 500 Low Volatility Fund is the oldest, begun in 2011.

Quotes by James B. Stewart

The financial crisis is a stark reminder that transparency and disclosure are essential in today's marketplace.

Quotes by Jack Reed

Best Quotes

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.

Quotes by Dale T. Mortensen

Frequently Asked Questions

What is this Financial Crisis quotes collection about?
This page gathers quotes about financial crisis - business cycles, the 2008 crisis specifically, and how crises are experienced differently on Wall Street versus in Washington.
Why do people search for quotes about financial crisis?
Financial crises affect jobs, markets, and policy, so people look for quotes on the topic when writing about economics, history, or lessons learned from past downturns.
How do these quotes contrast Wall Street and Washington during a crisis?
One quote observes that on Wall Street, financial crisis destroys jobs, while in Washington it creates them, pointing to how different institutions can respond very differently to the same event.
What effect do these quotes attribute to the 2008 financial crisis specifically?
One quote credits the 2008 crisis with creating a seismic shift in trust toward financial services, adding that fintech likely would have emerged anyway but was accelerated by that loss of trust, related to Able quotes.
Do any of these quotes mention a specific leader dealing with a financial crisis?
Yes, one quote notes that Barack Obama began his presidency amid a severe economic downturn, describing it as one of several major challenges handed to him at the start of his term, presented here as a neutral historical observation.

Others trace how the 2008 crisis reshaped trust in financial services and helped fintech take root. See also Best and Able quotes.