Financial Problem Quotes & Sayings

I'd say the main way people get into terrible financial trouble is just to spend too much money relative to their income, and that is an endemic problem in the United States of America, and that's the kind of thing that should be taught about in schools. — Ben Stein

The problem facing humanity today is not a political problem; it's not a financial problem; it's not a military problem. It's obviously a spiritual problem. That is, it has to do with what we believe to be true about who we are, where we are, why we are where we are, and what are we doing on the Earth. What is the purpose of life itself? What we need right now are leaders or models, people who will stand up and not only help to write a cultural story, but help to model it in the way that they interact with each other. — Neale Donald Walsch

The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike. — George Soros

On the one hand, the financial projection is on the agenda - we will see if this problem can be resolved or not. I think it is a right idea to stage a special summit, which would deal with the question of priorities of European politics. — Angela Merkel

The only really effective means of enabling States to deal with the grave problem of poverty is to provide them with the necessary resources through foreign financial aid - public and private - granted under reasonable conditions, within the framework of international commercial relations regulated with fairness. — Pope John Paul II

The main effect of turning a partnership into a corporation was to transfer the financial risk to the shareholders. "When things go wrong it's their problem, — Michael Lewis

Some argue that now isn't the time to push the green agenda - that all efforts should be on preventing a serious recession. That is a false choice. It fails to recognise that climate change and our carbon reliance is part of problem - high fuel prices and food shortages due to poor crop yields compound today's financial difficulties. — Lucy Powell

The problem here, Gwen, is that the more desperate you are to achieve financial success and the tighter you hold on to what you've got, the greater your chances of losing it. Money's like love in that respect. — Tom Robbins

No one should have to choose between medicine and other necessities. No one should have to use the emergency room every time a child gets sick. And no one should have to live in constant fear that a medical problem will become a financial crisis. — Brad Henry

Most philanthropists want to be effective altruists. But the problem isn't intention: it's measurement. Unlike financial investing, which has reporting standards, audit processes, and educational requirements, social investing is notoriously tricky to evaluate. — Leila Janah

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem. — Ray Dalio

That's the problem with the financial sector. Banks and the financial sector live in the short run, not the long run. In principle the government is supposed to make regulations that help the economy over time. But once it's taken over by the financial sector, the government lives in the short run too. — Michael Hudson

Our current way of regulating the financial system is dysfunctional. Oversight is dispersed among numerous confusing bodies that at times have seemed to be racing each other to the bottom. Setting up One Big Regulator would end that problem. — Thomas Frank

I'm well aware there is no job more important than that of raising a child, but the problem is that it isn't valued. Not in the sense that counts to me at the moment, which is financial. — Paula Hawkins

The Federal Reserve, the Treasury, all the regulator agencies - if there's a problem of the financial mechanism in society, the only one to fix it is government. They've got a legitimate role. — Dick Cheney

There is, literally and figuratively, not a gold standard. That's almost as big a problem in art as in the financial world. How do you affix a value to something that only has value because a certain number of people agree to believe in that value? — John Currin

Under the school's disclosure rules, about 1,600 of 8,900 professors and lecturers at Harvard Medical School have reported to the dean that they or a family member had a financial interest in a business related to their teaching, research, or clinical care.2 When professors publicly pass drug recommendations off as academic knowledge, we have a serious problem. — Dan Ariely

PROFITS AT THE BOTTOM OF THE PYRAMID | Idea in Brief 105 words THE PROBLEM Multinational firms' socially beneficial ventures in low-income markets need to earn profits if they're to command corporate resources, but operating in the black is harder than it looks. THE SOLUTION Companies can use the authors' "opportunity map" to design and undertake ventures at the bottom of the pyramid that match their capabilities and financial expectations. THE DETAILS The map sorts ventures according to cost and complexity by analyzing two key challenges in selling to the poor: changing consumers' behavior and changing the way products are made and delivered. The map can encourage companies to forgo overly ambitious, unsustainable projects and start with smaller ones that generate steady profits. — Anonymous

People say nothing can solve the Middle East problem. Not mediation, not arms, not financial aid. I say there is Something. Atheism. Suddenly everyone would be looking at each other thinking, 'What the fuck were we doing? That was insane! Why are we all wearing these ridiculous hats? Were we drunk? — Frankie Boyle

Your financial success is directly related to the size of the problem you solve for other people (solve BIG problems and you'll make BIG money). — Brian Tracy

Remember, buying something is not the problem. The problem comes when we believe, for that moment, that the object we're buying is going to make us happy. — Celso Cukierkorn

Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult. — Venita VanCaspel

The greatest discovery of the 19th century was not in the realm of the physical sciences, but the power of the subconscious mind touched by faith. Any individual can tap into an eternal reservoir of power that will enable them to overcome any problem that may arise. All weaknesses can be overcome, bodily healing, financial independence, spiritual awakening, and prosperity beyond your wildest dreams. This is the superstructure of happiness. — William James

I think one problem we've had is that people who are smart and creative and innovative as engineers went into financial engineering. — Walter Isaacson

But there's a difference between an old-fashioned financial panic and what had happened on Wall Street in 2008. In an old-fashioned panic, perception creates its own reality: Someone shouts "Fire!" in a crowded theater and the audience crushes each other to death in its rush for the exits. On Wall Street in 2008 the reality finally overwhelmed perceptions: A crowded theater burned down with a lot of people still in their seats. Every major firm on Wall Street was either bankrupt or fatally intertwined with a bankrupt system. The problem wasn't that Lehman Brothers had been allowed to fail. The problem was that Lehman Brothers had been allowed to succeed. This — Michael Lewis

As we try to make the financial system safer, we must inevitably confront the problem of moral hazard. — Ben Bernanke

Don't cut up your credit cards, the problem is not the cards, it's the lack of financial literacy of the person holding the cards and always make the best out of a bad situation — Robert Kiyosaki

Time debt is as big a problem as financial debt. — Elizabeth Grace Saunders

When people are skilled at adopting free traits, it can be hard to believe that they're acting out of character. Professor Little's students are usually incredulous when he claims to be an introvert. But Little is far from unique; many people, especially those in leadership roles, engage in a certain level of pretend-extroversion. Consider, for example, my friend Alex, the socially adept head of a financial services company, who agreed to give a candid interview on the condition of sealed-in-blood anonymity. Alex told me that pretend-extroversion was something he taught himself in the seventh grade, when he decided that other kids were taking advantage of him. "I was the nicest person you'd ever want to know," Alex recalls, "but the world wasn't that way. The problem was that if you were just a nice person, you'd get crushed. I refused to live a life where people could do that stuff to me. I was like, OK, what's the policy prescription here? ... — Susan Cain

Suning Appliance has no problem of financial risk. Do you think I'm risky? I'm definitely not risky. — Zhang Jindong

The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial system. We need to address it. — Ben Bernanke

The problem with this poem, from your perspective, must be its lack of financial value. I guess my problem with you, from my perspective, is how you insist on putting a financial value on everything. — Peter Davis

I'm not a financial expert. The Robin Hood tax seems to me a very simple and beautiful idea. I don't see the problem. — Bill Nighy

The real problem is that the financial base for our social security system is shrinking because the number of normal jobs is falling. In other words, we have to address the challenge of how to make employment, in the classic sense, attractive once again. — Angela Merkel

The Fed has gone about as if the problem is a shortage of liquidity. That is not the basic problem. The basic problem for the markets is that uncertainty that the balance sheets of financial firms are credible.
-Anna J. Schwartz interviewed in the Wall Street Journal, October 18-19, 2008. — John Brian Taylor

The problem of a rising population destroying more than four tons of soil for every human already alive needs to find its way into corporate board rooms if we are to enjoy future financial, economic and political stability. — Allan Savory

There are more serious problems in life than financial ones, and I've had a lot of those. I've been broke before, and will be again. — Willie Nelson

I always listen," Ranger said. "I don't always agree. I have a problem right now that I can't seem to solve by myself. I need you to help me find my daughter. And there's an even bigger problem involved. I feel a financial and moral obligation to my daughter. I send child support, I send birthday and Christmas presents, I visit when I'm invited. But I've kept myself emotionally distanced. I'm not emotionally distanced from you. I couldn't live with myself if something happened to you because I was using you to find someone . . . even if that someone was my daughter. So I have to make every effort to keep you safe." "You're a little smothering. — Janet Evanovich

Climate change is ... a gross injustice-poor people in developing countries bear over 90% of the burden-through death, disease, destitution and financial loss-yet are least responsible for creating the problem. Despite this, funding from rich countries to help the poor and vulnerable adapt to climate change is not even 1 percent of what is needed. — Barbara Stocking

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. — Mark Zandi

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem. — Ben Bernanke

The warning signs had been there since the crash of 2008, but after the initial shock, nothing had been done to correct the problem. Banks had been trading over $7 trillion in risky derivatives daily, as well as fixing interest rates and making bets on the rigged games. There was an ever-growing gap between the elite and all the rest of the people which had continued to develop even after the 2008 crash. — Kenneth Eade

Writing was the solution to every problem - financial, emotional, intellectual. It had kept me company when I was a lonely child. It gave me an excuse to go places I would otherwise be unlikely to venture. It satisfied the edict my mother had issued many times throughout my life: "You have to make your own living; you never want to be dependent on a man. — Ariel Levy

There will always be businesses and companies, trying to make money from you, but that's not the problem. The real problem is that you're feeding the Beast. You're allowing him to run free and overpower your Angel, and that is reflected in your financial life. It's the reason your paycheck comes and goes, and it makes prosperity impossible. — Celso Cukierkorn

At the federal level, this problem could be greatly alleviated by abolishing the Electoral College system. It's the winner-take-all mathematics from state to state that delivers so much power to a relative handful of voters. It's as if in politics, as in economics, we have a privileged 1 percent. And the money from the financial 1 percent underwrites the microtargeting to secure the votes of the political 1 percent. Without the Electoral College, by contrast, every vote would be worth exactly the same. That would be a step toward democracy. — Cathy O'Neil

People need a moral code, to help them make decisions. All this bio-yogurt virtue and financial self-righteousness are just filling the gap in the market. But the problem is that it's all backwards. It's not that you do the right thing and hope it pays off; the morally right thing is by definition the thing that gives the biggest payoff. — Tana French

Nothing brings home the fragility of the banking system or the potency of a financial crisis more vividly than writing about these issues from the eye of the storm. Watching the world's central bankers and finance officials grappling with the current situation - trying one thing after another to restore confidence, throwing everything they can at the problem, coping daily with unexpected and startling shifts in market sentiment - reinforces the lesson that there is no magic bullet or simple formula for dealing with financial panics. — Liaquat Ahamed

Like the effects of industrial pollution and the new system of global financial markets, the AIDS crisis is evidence of a world in which nothing important is regional, local, limited; in which everything that can circulate does, and every problem is, or is destined to become, worldwide. — Susan Sontag

Early on, in discussions of financial oversight, people would say, 'Well, this is a very complicated problem, therefore it requires a complicated solution.' And at that step, I would say, 'Well, wait a minute. Just because it's a complicated problem doesn't mean the best course of action immediately is one that's complicated.' — Lars Peter Hansen

The number one problem in today's generation and economy is the lack of financial literacy. — Alan Greenspan

The problem of dealing with the financial industry is that you can measure it with interest rates coming down. You can measure it with the quantity of loans, and that sort of thing. The problem is, that nobody wants to take the loans. Once the banks are willing to give it, that's only half the problem. — Michael Bloomberg

More money will often not solve the problem. In fact, it may compound the problem. Money often makes obvious our tragic human flaws, putting a spotlight on what we don't know. That is why, all too often, a person who comes into a sudden windfall of cash - let's say an inheritance, a pay raise, or lottery winnings - soon returns to the same financial mess, if not worse, than the mess they were in before. — Robert T. Kiyosaki

Depression can be due to a low endocrine function, nutritional deficiencies, blood sugar problems, food allergies, or systemic yeast infection. Depression can also result from medical illnesses such as stroke, heart attack, cancer, Parkinson's disease, and hormonal disorder. It can also be caused by a serious loss, a difficult relationship, a financial problem, or any stressful, unwelcome life change. — Chris Prentiss

If prices go down, we will have problems - problems in the sense of spillover to other areas, Greenspan said. While he hasn't seen such spreading yet, I expect to. — Alan Greenspan

Kaysen elaborates through parts of the book on her thoughts about how mental illness is treated. She explains that families who are willing to pay the rather high costs of hospitalization do so to prove their own sanity. Once one member of the family is hospitalized, it becomes easier for the rest of the family to distance themselves from the problem and to create a clear boundary between the sane and the insane. Recognizing a family member or friend as insane makes others around them, says Kaysen, compare themselves to that individual. Hospitalization allows for distance from this questioning of self that makes us so uncomfortable. Her view that mental illness often includes the entire family means the hospitalized family member becomes an excuse for other family members not to look at their own problems. This explains the willingness to pay the high financial costs of hospitalization. — Susanna Kaysen

At the same time that "self-made" entered the nation's lexicon, so did the notion of abject failure. Once reserved to describe a discrete financial episode - "I made a failure," a merchant would say after losing his shop - "failure" in antebellum America became a matter of identity, describing not an event but a person. As the historian Scott Sandage explains in Born Losers: A History of Failure in America, the phrase "I feel like a failure" comes to us so naturally today "that we forget it is a figure of speech: the language of business applied to the soul." It became conventional wisdom in the early nineteenth century, Sandage explains, that people who failed had a problem native to their constitution. They weren't just losers; they were "born losers. — Joshua Wolf Shenk

The problem with the focus on speculators, as was demonstrated during the financial crisis, is that it tends to divert attention from the real villains. During the financial crisis, the villains were the actions of the banks, not the speculators betting on bank share prices. — Gary Weiss

If," we say readily, "God is holy and omnipotent, He would interfere and stop all this kind of thing"
meaning by "this kind of thing" wars, persecutions, cruelty, Hitlerism, Bolshevism, or whatever large issue happens to be distressing our minds at the time. But let us be quite sure that we have really considered the problem in all its aspects.
"Why doesn't God smite this dictator dead?" is a question a little remote from us. Why, madam, did He not strike you dumb and imbecile before you uttered that baseless and unkind slander the day before yesterday? Or me, before I behaved with such cruel lack of consideration to that well-meaning friend? And why, sir, did He not cause your hand to rot off at the wrist before you signed your name to that dirty little bit of financial trickery? — Dorothy L. Sayers

Cause of the financial crisis was "simple. Greed on both sides - greed of investors and the greed of the bankers." I thought it was more complicated. Greed on Wall Street was a given - almost an obligation. The problem was the system of incentives that channeled the greed. The line between gambling and investing is artificial and thin. — Michael Lewis

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. — Ben Bernanke

The problem with cap-and-trade and programs such as carbon capture and storage is that they all assume that business as usual can continue. The financial meltdown and peak oil has pretty much demonstrated that business as usual's not going to work. — Andrew Nikiforuk

The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem. — Suze Orman

This book argues that through inclusive finance, companies can make money and help solve the global problem of poverty. By inclusive finance we mean opening access to high-quality financial services to everyone who needs them, especially low-income and previously excluded people. We also discuss how — Elizabeth Rhyne