--- title: "Meaning & Key Takeaway of: Whenever there is a a financial crisis…" description: "\"Whenever there is a a financial crisis, it is always the banks that get hit.\" — Gordon Wu" image: "https://sms4smile.com/quotes/i/bd7/gordon-wu-59344_banks_whenever-there-is-a-a-financial-crisis-i_2276874.png" --- # Whenever there is a a financial crisis, it is always the… ![“Whenever there is a a financial crisis, it is always the banks that get hit.” quote by Gordon Wu](https://sms4smile.com/quotes/i/bd7/gordon-wu-59344_banks_whenever-there-is-a-a-financial-crisis-i_2276874.png) [Download](https://sms4smile.com/quotes/i/bd7/gordon-wu-59344_banks_whenever-there-is-a-a-financial-crisis-i_2276874.png) [Open image](https://sms4smile.com/quotes/i/bd7/gordon-wu-59344_banks_whenever-there-is-a-a-financial-crisis-i_2276874.png) > “Whenever there is a a financial crisis, it is always the banks that get hit.” [Gordon Wu](https://sms4smile.com/quotes/author/gordon-wu/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Financial crises typically impact banks first. **In simple terms:** Banks get hit first in crises. Key Takeaway Monitor banking health during economic downturns. Themes finance crisis banking Mood cautious analytical Type economic financial When to use this quote - investment decisions - risk assessment - policy making - personal finance Key Concepts Systemic risk economic cycles Questions to Reflect On - How do you protect assets in a crisis? - What indicators signal banking stress? A Different Perspective Not all crises affect banks equally. ★ ★ ★ ★ ★ No ratings yet [Banks](https://sms4smile.com/quotes/about/banks/) [Banks Hit](https://sms4smile.com/quotes/about/banks-hit-5298643/) [Crisis](https://sms4smile.com/quotes/about/crisis/) [Crisis Banks](https://sms4smile.com/quotes/about/crisis-banks-5298642/) [Finance](https://sms4smile.com/quotes/about/finance/) [Financial](https://sms4smile.com/quotes/about/financial/) [Financial crisis](https://sms4smile.com/quotes/about/financial-crisis/) [Inspirational](https://sms4smile.com/quotes/about/inspirational/) [Money](https://sms4smile.com/quotes/about/money/) ## Related quotes > [President Obama has a good sense not just of the economic requisites for financial crisis firefighting but also how you build political support for…](https://sms4smile.com/quotes/lael-brainard/president-obama-has-a-good-sense-not-just-of-the-economic-requisites/) [Lael Brainard](https://sms4smile.com/quotes/author/lael-brainard/) > [We've learned our lesson with finance because they made a huge goddamn explosion that almost shut down the world. 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There are many pressing challenges facing the international community, including the global financial crisis…](https://sms4smile.com/quotes/helen-clark/senator-obama-will-be-taking-office-at-a-critical-juncture-there-are/) [Helen Clark](https://sms4smile.com/quotes/author/helen-clark/) > [Altermodern is an in-progress redefinition of modernity in the era of globalisation, stressing the experience of wandering in time, space and mediums. The term…](https://sms4smile.com/quotes/nicolas-bourriaud/altermodern-is-an-in-progress-redefinition-of-modernity-in-the-era-of/) [Nicolas Bourriaud](https://sms4smile.com/quotes/author/nicolas-bourriaud/) > ['Nobody goes to jail.' 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All people are entrepreneurs,…](https://sms4smile.com/quotes/muhammad-yunus/i-did-something-that-challenged-the-banking-world-conventional-banks/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) [Browse all 387 Banks quotes ](https://sms4smile.com/quotes/about/banks/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Whenever there is a a financial crisis, it is always the banks that get hit.", "creator": { "@type": "Person", "name": "Gordon Wu" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/gordon-wu/whenever-there-is-a-a-financial-crisis-it-is-always-the-banks-that/", "about": { "@type": "Thing", "name": "Banks" }, "@id": "https://sms4smile.com/quotes/gordon-wu/whenever-there-is-a-a-financial-crisis-it-is-always-the-banks-that/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/bd7/gordon-wu-59344_banks_whenever-there-is-a-a-financial-crisis-i_2276874.png", "contentUrl": "https://sms4smile.com/quotes/i/bd7/gordon-wu-59344_banks_whenever-there-is-a-a-financial-crisis-i_2276874.png", "url": "https://sms4smile.com/quotes/i/bd7/gordon-wu-59344_banks_whenever-there-is-a-a-financial-crisis-i_2276874.png", "width": 1080, "height": 1080, "caption": "“Whenever there is a a financial crisis, it is always the banks that get hit.” — Gordon Wu", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Gordon Wu", "item": "https://sms4smile.com/quotes/author/gordon-wu/" }, { "@type": "ListItem", "position": 4, "name": "Whenever there is a a financial...", "item": "https://sms4smile.com/quotes/gordon-wu/whenever-there-is-a-a-financial-crisis-it-is-always-the-banks-that/" } ], "@id": "https://sms4smile.com/quotes/gordon-wu/whenever-there-is-a-a-financial-crisis-it-is-always-the-banks-that/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```