Beyond Quote by Jerome Powell

The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets.

— Jerome Powell

An AIG failure would have been devastating to the financial system and to the economy.

— Henry Paulson

We have institutions that have been allowed to become too big to fail because we had all kinds of flaws in our financial infrastructure,…

— Henry Paulson

The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it…

— Robert Haugen

AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over…

— Warren Buffett

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

— Henry Paulson

I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic…

— Blythe Masters

There is a bit of a problem with the match between derivative securities markets and the primary markets. We have long ago instituted principles,…

— Kenneth Arrow

It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have…

— Alan Greenspan

ICG became a dot-com joke, a one-stock example of extreme hubris on the part of its management and the investment bankers and sell-side analysts…

— Adam Lashinsky

What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance.…

— Nouriel Roubini

What became clear is there had been a systemic trend across the U.S.... markets had come to be controlled by a very small number…

— Lina Khan