Crisis Quote by Jerome Powell

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

— Jerome Powell

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning…

— Alan Greenspan

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 financial crisis revealed important weaknesses in many areas of our financial system.

— Jerome Powell

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of…

— Robert F. Engle

For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a…

— Henry Paulson

The financial crisis was linked to the fact that banks had excessive leverage and too many risky assets. The solution is not to try…

— John Paulson

From the beginning of time, we've had financial crises. People always blame the banks and for good reason. When you look for the root…

— Henry Paulson

Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to…

— Wen Jiabao

“The Federal Reserve System had been established to prevent what actually happened. It was set up to avoid a situation in which you would…

— Alan Ebenstein

The financial crisis was a classic case of the political class failing the American people. Twenty-five agencies were supposed to be minding the store…

— Carly Fiorina

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

— Robert Kiyosaki