#financial

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

It's almost sickening now that the regulators 'on the beat' while the biggest credit collapse in modern financial history unfolded are now patting themselves on the back for their 'brave' stance on short-selling! ↗

— James Chanos

#back #beat #biggest #brave #collapse

Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is millions in fees. ↗

— Janet M. Tavakoli

#finance #financial-crisis #hedge-funds #structured-finance #business

Learn the lessons of history. Don't let how you feel about your tenure at your organization drive you to make poor investment decisions that could potentially derail a successful retirement. ↗

— Mark Singer

#retirement #retirement-planning #change

I've found that the less stuff I own, the less my stuff owns me. ↗

— Nathan W. Morris

#freedom #minimalism #peace #freedom

My only allegiance is to my country.  The success of our country is built on hard work, sacrifice, innovation, integrity, and confidence.  How can you be confident if you can’t get a job?  How can you be confident if the mortgage on your home is higher than your home’s value?  How can you be confident when our elected officials haven’t given us one single idea how to fix this situation? – Jeremy Lyons ↗

— Marvin H. McIntyre

#financial #fiscal-cliff #inside-out #mortgage #thriller

The practice of thrift is not outdated. We must discipline ourselves to live within our incomes even if it means going without or making do. The wise person can distinguish...between basic needs and extravagant wants. Some find budgeting extremely painful, but I promise you, it is never fatal. ↗

— Marvin J. Ashton

#helpful #humor #humor

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

#money-management #prosperity #money

As my father used to say: "There are two sure ways to lose a friend, one is to borrow, the other to lend. ↗

— Patrick Rothfuss

#loans #money-management #money

Developments in financial markets can have broad economic effects felt by many outside the markets. ↗

— Ben Bernanke

#developments #economic #effects #felt #financial