#financial system

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems. ↗

— Timothy Geithner

#concentrated #crises #financial #financial crises #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

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

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

The welfare state is collapsing all around us. There are people that realize that we can't go on this way, but I'm not sure how many people realize how close we are to the collapse of the U.S. financial system. ↗

— Rush Limbaugh

#close #collapse #collapsing #financial #financial system

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