Quotes & Sayings About Wall Street Crash

The economic insecurity of the past ten to 15 years, the 2008 Wall Street crash, NAFTA, and the loss of millions of good jobs - these directly grow out of Democratic Party neo-liberal policies. — Jill Stein

What I want people to know is I went to Wall Street before the crash. I was the one saying you're going to wreck the economy because of these shenanigans with mortgages. I called to end the carried interest loophole that hedge fund managers enjoy. I proposed changes in CEO compensation. — Hillary Clinton

However, as the consequences of Black Thursday began to settle in investors' minds, most people attempted to recover their losses and the dramatic selling began again. On Tuesday 29 October, the day of the Wall Street Crash, more than 16 million shares were dumped in an afternoon of trading. On that one single day, as much money was lost on the New York stock exchange as had been spent in its entirety by the US government on fighting the First World War. It was a disaster. Annette — John Boyne

If Wall Street crashes, does Main Street follow? Not necessarily. — Ben Bernanke

I believe that the banks and the financial services industry take more than their fair share of our profits by using unfair business tactics. It now appears that our entire financial system has taken far more risk than is warranted by its capital structure and that this will lead to a market crash affecting economies worldwide. Gordon L. Eade — Kenneth Eade

Wisdom ... is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion. — John Kenneth Galbraith

I represented Wall Street, as a senator from New York, and I went to Wall Street in December of 2007 - before the big crash that we had - I basically said, 'Cut it out! Quit foreclosing on homes! Quit engaging in these kinds of speculative behaviors.' — Hillary Clinton

Franklin D. Roosevelt was fortunate: He didn't take office until nearly four years after the Wall Street crash, by which time the Republicans' responsibility for the Depression was taken for granted. — Tina Brown

Your father owns a history company?" I say teasingly.

Nick laughs. "No. Everyone on Wall Street has a history degree, though you'd never know it, the way they keep making the same mistakes, crash after crash. — Beatriz Williams

The [Motion Picture Production Code] took effect on March 31, 1930, 5 months too late to prevent the Wall Street Crash, but early enough to keep The Sixties from happening until approximately 1964. (When America fell victim to the British Invasion). — Stephen Colbert

One of the greatest weaknesses of Chris Mitchell's editorship of the Australian is that he has allowed Greg Sheridan to remain his foreign editor throughout. Sheridan is a man who argued in different columns that George W. Bush was the Winston Churchill of our era; that unlike mediocre politicians like Barack Obama and John McCain, the "new star" of American politics, Sarah Palin, was able to combine "celebrity" with "character"; that President Obama's "anti-Israel hysteria" was leading his administration toward "licensing a mutant strain of anti-semitism"; and that the United States would most likely be strengthened by the crash of Wall Street in September 2008. — Robert Manne

Nobody has been arrested on Wall Street for the crash of 2008. They're not paying their fair share of the taxes. And now with the Citizens United case of the Supreme Court, they get to buy politicians up out in the open. — Michael Moore

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

No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals. — John Kenneth Galbraith

There are a lot of dead carcasses on the road, and the vultures are out sniffing. This is the cycle of Wall Street. When bubbles crash, you get the value guys who come in and say, 'This thing is cheap. — Andy Kessler

The new structure of the U.S. stock market had removed the big Wall Street banks from their historic, lucrative role as intermediary. At the same time it created, for any big bank, some unpleasant risks: that the customer would somehow figure out what was happening to his stock market orders. And that the technology might somehow go wrong. If the markets collapsed, or if another flash crash occurred, the high-frequency traders would not take 85 percent of the blame, or bear 85 percent of the costs of the inevitable lawsuits. The banks would bear the lion's share of the blame and the costs. The relationship of the big Wall Street banks to the high-frequency traders, when you thought about it, was a bit like the relationship of the entire society to the big Wall — Michael Lewis

The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead of vice versa. That marked the beginnings of the return back 360 degrees around the world of the world economic center to Asia where it had always been before those two eighty-year period of temporary Western ascendance. The stock market crash in Hong Kong and the devaluation of the Thai baht and the Indonesian rupia took only 80 seconds to make themselves felt in the London City and on New York's Wall Street. How much of a cultural lag do we still need for popular perception and social theory to catch up with global reality? — Andre Gunder Frank

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

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

Not one Wall Street executive has been charged with crimes since the 2008 financial crash. — Haskell Wexler