Devastating Quote by Henry Paulson

If AIG collapsed, it would have buckled our financial system and wrought economic havoc on the lives of millions of our citizens.

— Henry Paulson

AIG's failure revealed systemic problems in the OTC derivatives market that went well beyond the failure of a single market participant.

— Jerome Powell

This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out…

— Timothy Geithner

Given the extent of the exposures of major banks around the world to A.I.G., and in light of the extreme fragility of the system,…

— Ben Bernanke

The middle class is teetering on the brink of collapse just as surely as AIG was in the fall of 2009 - only this…

— Arianna Huffington

The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.

— Nigel Farage

Failure is inevitable; it happens all the time in a complex economy.

— Tim Harford

The subprime disaster was a result of financial bombs - derivatives - exploding in financial institutions such as AIG and Lehman Brothers, as well…

— Robert Kiyosaki

I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of…

— Warren Buffett

The idea that the largest banks in the world would simultaneously fail, need government support, government guarantees, and/or government intervention to survive was not…

— Kenneth C. Griffin

There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and…

— Ben Bernanke

The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.

— Andrew Ross Sorkin