#financial system

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

#back #banking #century #crises #depression

If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed. ↗

— Manmohan Singh

#balance #banking #banking system #clean #clean up

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis. ↗

— Ben Bernanke

#economic #economic recovery #financial #financial system #get

Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame. ↗

— Muhammad Yunus

#around #bank #billion #financial #financial systems

Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back. ↗

— Mark Zandi

#back #bad #because #bonds #cataclysmic

That inefficiency is masked because growth and progress are measured in money, and money does not give us information about ecological systems, it only gives information about financial systems. ↗

— Paul Hawken

#because #does #ecological #financial #financial systems

The U.S. will lose its status as the superpower of the world financial system. The world will become multi-polar. ↗

— Peer Steinbruck

#financial #financial system #lose #status #superpower

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly. ↗

— Ben Bernanke

#congress #critical #efficient #employment #fairly

It's great that people get together and collaborate, talk about the facts and the analysis, all in the interest of having a great financial system. ↗

— Jamie Dimon

#analysis #collaborate #facts #financial #financial system

It took us years to get into the mess that we got ourselves in at the end of 2008, and it's going to take a while to get us out. We lost eight million jobs, we saw a financial system near collapse, we have a continuing housing crisis that we're making progress on dealing with. ↗

— Robert Gibbs

#continuing #crisis #dealing #eight #end