Investing Quote by David Harvey

“Step by step, place became property, property became a mortgage, and mortgages became derivative investments.”

— Douglas Rushkoff

The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they…

— George Soros

The overwhelming majority of new mortgages are issued with government backing in a highly concentrated securitization market. That leaves us with both potential taxpayer…

— Jerome Powell

“The creation of the mortgage bond market, a decade earlier, had extended Wall Street into a place it had never before been: the debts…

— Michael Lewis

“Achieving such deep and liquid markets requires large-scale financial sector reforms, with a complete replacement of the existing regulatory framework.”

— Bibek Debroy

“Deep and liquid markets in a country’s domestic economy are the essential shock absorbers through which the perilous waters of international financial integration can…

— Bibek Debroy

With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased.

— Noam Chomsky

Housing associations have fingered the fact that they cannot use their assets as liquidity due to Bank of England rules unlike their continental equivalents.…

— Vince Cable

Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and…

— Seth Klarman

Regulatory changes have forced banks to closely examine their liquidity planning and to internalize the costs of liquidity provision. The costs of committed liquidity…

— Jerome Powell

“And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market…

— Douglas Rushkoff

As you know, in the latter part of 2008 and early 2009, the Federal Reserve took extraordinary steps to provide liquidity and support credit…

— Ben Bernanke