Balance Quote by Michael Hudson

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count…

— Mark Skousen

What would've happened, do you think, had the government not intervened in October 2008? The catastrophe to the economy would've been absolutely unbelievable. And…

— Robert Skidelsky, Baron Skidelsky

What caused the economic collapse 2008? It was the subprime mortgage crisis.

— Rush Limbaugh

The crash of 2008 was driven in no small part by unfair practices in the mortgage industry which led to many consumers being trapped…

— Al Franken

In early 2008, before the criminal greed of America's mortgage and investment bank industry nearly destroyed the world's economy, the balance sheet of the…

— Neil Macdonald

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

“The recession, which started in 2007, is ongoing. The underlying fundamental causes of the meltdown have not been addressed. Banks are still not lending.…

— Ziad K. Abdelnour

I won't dispute that bankers' privileged treatment in the 2008 crash merits populist scorn. But unfortunately, without a bank bailout, there probably would have…

— Timothy Noah

Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and businesses. The…

— Janet Yellen

“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

In the immediate postwar era, financial crises in advanced countries were rare events, and before 1970 did not happen at all. Since then they…

— Alan M. Taylor

I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake.…

— Bill O'Reilly