Financial Quotes

I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

Developments in financial markets can have broad economic effects felt by many outside the markets.

Theirs is an endless road, a hopeless maze, who seek for goods before they seek for God.

The money cost of the reservoir plan literally fades into insignificance when it is compared with the financial burden which the great depression imposed on the nation.

One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty.

Money, financial matters were to help people, to help them survive, not to have a bigger house or a bigger car and that sort of thing, because I hear that from so many kids, they often don’t know why their father won’t spend more time with them.

We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

Financial storm definitely passed.

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.