Subprime Crisis Quotes & Sayings

This is my life. it is my one time to be me. i want to experience every good thing. — Maya Angelou

All the mega corporations on the planet make their obscene profits off the labor and suffering of others, with complete disregard for the effects on the workers, environment, and future generations. As with the banking sector, they play games with the lives of millions, hysterically reject any kind of government intervention when the profits are rolling in, but are quick to pass the bill for the cleanup and the far-reaching consequences of these avoidable tragedies to the public when things go wrong. We have a straightforward proposal: if they want public money, we want public control. It's that simple. — Michael Hureaux-Perez

Even then, I was dreaming of Raistlin's black robes one moment, and Dorsett's spin move the next. This was what my father deeded
that our Knowledge of Self be more than America, that we understand the brain death that sprawled from the projects to the subdivisions. Consciousness was a beginning, but the imagination could turn straight 18s into paladins in plate, could make warrens in tunnels from graph paper, could pull armies of gnolls from miniatures
that was the Knowledge that ultimately would find a way out. — Ta-Nehisi Coates

There's no money in poetry, but then there's no poetry in money either. - Robert Graves — Robert Graves

South Africa's subprime crisis OP-ED — Anonymous

The people in a position to resolve the financial crisis were, of course, the very same people who had failed to foresee it: Treasury Secretary Henry Paulson, future Treasury Secretary Timothy Geithner, Fed Chairman Ben Bernanke, Goldman Sachs CEO Lloyd Blankfein, Morgan Stanley CEO John Mack, Citigroup CEO Vikram Pandit, and so on. A few Wall Street CEOs had been fired for their roles in the subprime mortgage catastrophe, but most remained in their jobs, and they, of all people, became important characters operating behind the closed doors, trying to figure out what to do next. With them were a handful of government officials - the same government officials who should have known a lot more about what Wall Street firms were doing, back when they were doing it. All shared a distinction: They had proven far less capable of grasping basic truths in the heart of the U.S. financial system than a one-eyed money manager with Asperger's syndrome. — Michael Lewis

Everywhere the crisis of the private financial system has been transformed into a tale of slovenly and overweening government that perpetuates and is perpetuated by a dependent and demanding population ... For about ten days the crisis was interpreted as a consequence of the ineptitude of the highly paid, and then it transmogrified into a grudge against the populace at large. — Marilynne Robinson

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

Back in July 2003, he'd written them a long essay on the causes and consequences of what he took to be a likely housing crash: "Alan Greenspan assures us that home prices are not prone to bubbles - or major deflations - on any national scale," he'd said. "This is ridiculous, of course ... . In 1933, during the fourth year of the Great Depression, the United States found itself in the midst of a housing crisis that put housing starts at 10% of the level of 1925. Roughly half of all mortgage debt was in default. During the 1930s, housing prices collapsed nationwide by roughly 80%. — Michael Lewis

Only bad things happen quickly, ... Virtually all the happiness-producing processes in our lives take time, usually a long time: learning new things, changing old behaviors, building satisfying relationships, raising children. This is why patience and determination are among life's primary virtues. — Gordon Livingston

By early 2005 all the big Wall Street investment banks were deep into the subprime game. Bear Stearns, Merrill Lynch, Goldman Sachs, and Morgan Stanley all had what they termed "shelves" for their subprime wares, with strange names like HEAT and SAIL and GSAMP, that made it a bit more difficult for the general audience to see that these subprime bonds were being underwritten by Wall Street's biggest names. — Michael Lewis

Pride deafens us to the advice or warnings of those around us. — John C. Maxwell

A good short-story writer has an instinct for sketching in just enough background to ground the specific story. — Lynn Abbey

Do everything you can to learn your craft. Score student films for free, attend conferences, learn music theory - do anything (and everything) you can. — John Keltonic

A man who wants trouble can find it anywhere. — Lisa Kleypas

We lived always in the stretch or sag of nerves, either on the crest or in the trough of waves of feeling. — T.E. Lawrence