At least some good soundbites came out of the crisis. Your suggestions are welcome!
At least some good soundbites came out of the crisis. Your suggestions are welcome in the comment box below.
'The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.' Matt Taibbi, Rolling Stone
Obama to bankers: 'My administration is the only thing between you and the pitchforks.'
'These days America is looking like the Bernie Madoff of economies.' Paul Krugman
'I'm doing God's work.' Lloyd Blankfein, Goldman Sachs
'Quite frankly, this amounts to robbery of the American people.' Joseph Stiglitz on TARP
'Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.' James Grant, Grant's Interest Rate Observer
'When the music stops in terms of liquidity, things will get complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing.' Chuck Prince, Citigroup
Buffett on derivatives: 'They are financial weapons of mass destruction.'
'“Back home in Indiana, if a fellow goes and places a bet on a Bears game, he can go to jail. On Wall Street, he’s considered a master of the universe. How does this work? And why is it allowed?' Rep. Joe Donnelly, questioning regulators on credit default swaps
'I do believe that the worst is likely to be behind us.' Treasury Secretary Henry Paulson
'I do see green shoots.' Ben Bernanke
'We are profoundly and unreservedly sorry.' Lord Stevenson
'It's very difficult to get non-executives with banking experience on boards.' Lord Stevenson
'I think the new world order is emerging.' Gordon Brown at the G20
'We've lost a lot of money too.' Fred Goodwin
'If money isn’t loosened up, this sucker could go down.' President George W. Bush
'Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.' Larry Summers
'We had a number of firms that took wild and unjustified risks. We had regulators that were asleep at the switch.' Obama
'The era of banking secrecy is over.' Brown
We welcome your suggestions in the box below.