Crisis Quote by Michael Lewis
“Wall Street is not being made a scapegoat for this crisis: they really did this.”
About This Quote
Source Book: The Big Short, 2010
Wall Street actively contributed to the crisis, not merely a scapegoat; responsibility lies with its actions.
In simple terms: Wall Street caused the crisis.
Key Takeaway
Hold institutions accountable for their role.
Themes
responsibility
finance
accountability
crisis
Mood
critical
concerned
Type
analytical
informative
When to use this quote
- investment decisions
- policy making
- financial education
- risk assessment
Key Concepts
economics
regulation
corporate ethics
Questions to Reflect On
- How can we ensure accountability?
- What reforms are needed?
A Different Perspective
Complex causes may dilute blame.
![“Crucial decisions are made, today as thousands of years ago, in terms of the intuitive guesses and preferences of a few men in positions of authority...[it is] quite likely that the fate of entire societies may be sealed by a series of avoidable mistakes committed by their leaders.” quote by Michael Lewis](https://sms4smile.com/quotes/img-quotes/a59/michael-lewis-705_decision-making_crucial-decisions-are-made-today-as-thou_16888.jpg)
