Posts Tagged ‘financial crisis’

Elizabeth Warren: Donald Trump Swampier

Posted by admin on Wednesday, November 30, 2016

Elizabeth Warren Money Quote saying Donald Trump choosing cabinet that makes the swamp more murky and fills it with monsters. Elizabeth Warren said:

[Mnuchin’s] selection as Treasury Secretary should send shivers down the spine of every American who got hit hard by the financial crisis, and is the latest sign that Donald Trump has no intention of draining the swamp and every intention of running Washington to benefit himself and his rich buddies
— Elizabeth Warren

Paul Fisher: Climate Change Risk

Posted by admin on Sunday, October 30, 2016

Paul Fisher, Former Deputy head of the Bank of England, Money Quote saying that changes in global weather patterns could trigger system-wide financial storm. Paul Fisher said:

[Climate Change] is potentially a systemic risk, [that] could be the trigger for the next financial crisis
— Paul Fisher

Raghuram G. Rajan: Let Them Eat Credit

Posted by admin on Thursday, May 21, 2015

Professor of finance at Chicago’s Booth School and author of Fault Lines: How Hidden Fractures still Threaten the World Economy, Raghuram G. Rajan Money Quotation saying that political monetary policy allowing easy credit produced the economic crisis. Raghuram G. Rajan said:

“Let them eat credit” could well summarize the mantra of the political establishment in the go-go years
before the crisis
— Raghuram G. Rajan

Timothy Geitner: Raging Financial Inferno

Posted by admin on Tuesday, May 19, 2015

Timothy Geitner Money Quotation saying as United States Secretary of the Treasury, under President Barack Obama, from 2009 to 2013 that prosecuting bankers would not have been productive in saving the economy. Timothy Geitner said:

Trying to mete out punishment to perpetrators during a genuinely systemic crisis – by letting major firms fail … can pour gasoline on the fire. Old Testament vengeance appeals to the populist fury of the moment, but the truly moral thing to do during a raging financial inferno is to put it out — Timothy Geitner

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