---
title: "Meaning & Key Takeaway of: I think the bailouts in 2008 were wrong…"
description: "\"I think the bailouts in 2008 were wrong. And I think, you look in hindsight, it was a lot of misinformation that was presented about the bailouts of th..."
image: "https://sms4smile.com/quotes/i/0c1/steve-bannon-4050_customer_i-think-the-bailouts-in-2008-were-wrong_169622.jpg"
---

#  I think the bailouts in 2008 were wrong. And I think, you…

![“I think the bailouts in 2008 were wrong. And I think, you look in hindsight, it was a lot of misinformation that was presented about the bailouts of the banks in the West.” quote by Steve Bannon](https://sms4smile.com/quotes/i/0c1/steve-bannon-4050_customer_i-think-the-bailouts-in-2008-were-wrong_169622.jpg)   [Download](https://sms4smile.com/quotes/i/0c1/steve-bannon-4050_customer_i-think-the-bailouts-in-2008-were-wrong_169622.jpg) [Open image](https://sms4smile.com/quotes/i/0c1/steve-bannon-4050_customer_i-think-the-bailouts-in-2008-were-wrong_169622.jpg)

> “I think the bailouts in 2008 were wrong. And I think, you look in hindsight, it was a lot of misinformation that was presented about the bailouts of the banks in the West.”

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

The speaker criticizes the 2008 bailouts, calling them wrong and highlighting misinformation that misled public understanding of the financial rescue.

**In simple terms:** The 2008 bailouts were mistaken and misrepresented.

Key Takeaway

Demand transparency and accountability in financial policy.

Themes

economics policy misinformation government accountability

Mood

critical analytical

Type

political economic

When to use this quote

- political debate
- economic reform
- media reporting

Key Concepts

financial crisis public trust policy analysis

Questions to Reflect On

- What evidence supports the bailouts’ necessity?
- How can misinformation be prevented in future crises?

A Different Perspective

Complex issues may have nuanced outcomes.

★ ★ ★ ★ ★   No ratings yet

[2008 Wrong](https://sms4smile.com/quotes/about/2008-wrong-1839330/) [Bailouts Banks](https://sms4smile.com/quotes/about/bailouts-banks-1839331/) [Customer](https://sms4smile.com/quotes/about/customer/) [Hindsight](https://sms4smile.com/quotes/about/hindsight/) [I think](https://sms4smile.com/quotes/about/i-think/) [Look](https://sms4smile.com/quotes/about/look/) [Misinformation](https://sms4smile.com/quotes/about/misinformation/) [Misinformation Presented](https://sms4smile.com/quotes/about/misinformation-presented-1839333/) [Presented Bailouts](https://sms4smile.com/quotes/about/presented-bailouts-1839332/) [Think Bailouts](https://sms4smile.com/quotes/about/think-bailouts-534039/)

## Related quotes

> [I think the bailouts in 2008 were wrong.](https://sms4smile.com/quotes/steve-bannon/i-think-the-bailouts-in-2008-were-wrong/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [If you think about those bailouts that happened in 2008, that was a situation in which the government gave, at our expense, enormous sums…](https://sms4smile.com/quotes/angus-deaton/if-you-think-about-those-bailouts-that-happened-in-2008-that-was-a/)

[Angus Deaton](https://sms4smile.com/quotes/author/angus-deaton/)

> [“Dr. Lois Jolyon West was cleared at Top Secret for his work on MKULTRA. West's numerous connections to the mind control network illustrate how…](https://sms4smile.com/quotes/colin-a-ross/dr-lois-jolyon-west-was-cleared-at-top-secret-for-his-work-on-mkultra/)

[Colin A. Ross](https://sms4smile.com/quotes/author/colin-a-ross/)

> [“What is the flow and impact of disinformation? How is the disinformation spreading and what are its effects?”](https://sms4smile.com/quotes/roger-spitz/what-is-the-flow-and-impact-of-disinformation-how-is-the/)

[Roger spitz](https://sms4smile.com/quotes/author/roger-spitz/)

> [I would never lie. I willfully participate in a campaign of misinformation.](https://sms4smile.com/quotes/fox-mulder/i-would-never-lie-i-willfully-participate-in-a-campaign-of/)

[Fox Mulder](https://sms4smile.com/quotes/author/fox-mulder/)

> [Actually I'm more culturally Muslim than religiously but being Muslim is an important part of my identity. As Muslim, I feel it's important to…](https://sms4smile.com/quotes/aasif-mandvi/actually-i-m-more-culturally-muslim-than-religiously-but-being-muslim/)

[Aasif Mandvi](https://sms4smile.com/quotes/author/aasif-mandvi/)

> [I do know that if you can name certain things and understand them, it allows you to make better choices. Unfortunately, there's so much…](https://sms4smile.com/quotes/jimmy-santiago-baca/i-do-know-that-if-you-can-name-certain-things-and-understand-them-it/)

[Jimmy Santiago Baca](https://sms4smile.com/quotes/author/jimmy-santiago-baca/)

> [Movies are one of the bad habits that have corrupted our century. They have slipped into the American mind more misinformation in one evening…](https://sms4smile.com/quotes/ben-hecht/movies-are-one-of-the-bad-habits-that-have-corrupted-our-century-they/)

[Ben Hecht](https://sms4smile.com/quotes/author/ben-hecht/)

> [It is an unquestionable truth, that the body of the people in every country desire sincerely its prosperity. But it is equally unquestionable that…](https://sms4smile.com/quotes/alexander-hamilton/it-is-an-unquestionable-truth-that-the-body-of-the-people-in-every/)

[Alexander Hamilton](https://sms4smile.com/quotes/author/alexander-hamilton/)

> [“The government researchers, aware of the information in the professional journals, decided to reverse the process (of healing from hysteric dissociation). They decided to…](https://sms4smile.com/quotes/cheryl-hersha/the-government-researchers-aware-of-the-information-in-the/)

[Cheryl Hersha](https://sms4smile.com/quotes/author/cheryl-hersha/)

> [“To tell the truth she was quite thrilled to be working at the very source of a magazine which helped build up much of…](https://sms4smile.com/quotes/rona-jaffe/to-tell-the-truth-she-was-quite-thrilled-to-be-working-at-the-very/)

[Rona Jaffe](https://sms4smile.com/quotes/author/rona-jaffe/)

> [One of the greatest sources of problems in our society arises from people having loads of wrong theories in their heads - often theories…](https://sms4smile.com/quotes/ray-dalio/one-of-the-greatest-sources-of-problems-in-our-society-arises-from/)

[Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/)

> [The dark ages still reign over all humanity, and the depth and persistence of this domination are only now becoming clear. This Dark Ages…](https://sms4smile.com/quotes/r-buckminster-fuller/the-dark-ages-still-reign-over-all-humanity-and-the-depth-and/)

[R. Buckminster Fuller](https://sms4smile.com/quotes/author/r-buckminster-fuller/)

> [It is proposed that a form of free dialogue may well be one of the most effective ways of investigating the crisis which faces…](https://sms4smile.com/quotes/david-bohm/it-is-proposed-that-a-form-of-free-dialogue-may-well-be-one-of-the/)

[David Bohm](https://sms4smile.com/quotes/author/david-bohm/)

> [Freedom in every sense but primarily political sense, a rise in repression that stems from a repression of sexuality. It's AIDS, it's herpes, it's…](https://sms4smile.com/quotes/jack-nicholson/freedom-in-every-sense-but-primarily-political-sense-a-rise-in/)

[Jack Nicholson](https://sms4smile.com/quotes/author/jack-nicholson/)

## More by Steve Bannon

> [I'm the guy pushing a trillion-dollar infrastructure plan. With negative interest rates throughout the world, it's the greatest opportunity to rebuild everything. Shipyards, ironworks,…](https://sms4smile.com/quotes/steve-bannon/i-m-the-guy-pushing-a-trillion-dollar-infrastructure-plan-with/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [Our definition of the alt-right is younger people who are anti-globalists, very nationalist, terribly anti-establishment.](https://sms4smile.com/quotes/steve-bannon/our-definition-of-the-alt-right-is-younger-people-who-are-anti/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [Not one criminal charge has ever been brought to any bank executive associated with the 2008 crisis. And in fact, it gets worse. No…](https://sms4smile.com/quotes/steve-bannon/not-one-criminal-charge-has-ever-been-brought-to-any-bank-executive/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [The media bubble is the ultimate symbol of what's wrong with this country.](https://sms4smile.com/quotes/steve-bannon/the-media-bubble-is-the-ultimate-symbol-of-what-s-wrong-with-this/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [I've got a cure for mental health issue. Spank your children more.](https://sms4smile.com/quotes/steve-bannon/i-ve-got-a-cure-for-mental-health-issue-spank-your-children-more/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [The American television industry is a Darwinian environment where success is usually measured in inches, not yards. That is, for most TV media, audiences…](https://sms4smile.com/quotes/steve-bannon/the-american-television-industry-is-a-darwinian-environment-where/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [The Tea Party in the United States' biggest fight is with the the Republican establishment, which is really a collection of crony capitalists that…](https://sms4smile.com/quotes/steve-bannon/the-tea-party-in-the-united-states-biggest-fight-is-with-the-the/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [Hollywood does not understand Middle America, and it certainly does not understand and, in fact, despises, the core values of the country.](https://sms4smile.com/quotes/steve-bannon/hollywood-does-not-understand-middle-america-and-it-certainly-does/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [I'm a very practical, pragmatic capitalist. I was trained at Goldman Sachs. I went to Harvard Business School. I was as hard-nosed a capitalist…](https://sms4smile.com/quotes/steve-bannon/i-m-a-very-practical-pragmatic-capitalist-i-was-trained-at-goldman/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [I became a huge Reagan admirer.](https://sms4smile.com/quotes/steve-bannon/i-became-a-huge-reagan-admirer/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [Trump is a product of a seething populism and nationalism that is the driving political force.](https://sms4smile.com/quotes/steve-bannon/trump-is-a-product-of-a-seething-populism-and-nationalism-that-is-the/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [Let the grassroots turn on the hate because that's the only thing that will make them do their duty.](https://sms4smile.com/quotes/steve-bannon/let-the-grassroots-turn-on-the-hate-because-that-s-the-only-thing/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [Donald Trump has a grasp on what's important and what's marginalia.](https://sms4smile.com/quotes/steve-bannon/donald-trump-has-a-grasp-on-what-s-important-and-what-s-marginalia/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [The swamp is a business model. It's a successful business model.](https://sms4smile.com/quotes/steve-bannon/the-swamp-is-a-business-model-it-s-a-successful-business-model/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

> [In the White House, I had influence. At Breitbart, I had power.](https://sms4smile.com/quotes/steve-bannon/in-the-white-house-i-had-influence-at-breitbart-i-had-power/)

[Steve Bannon](https://sms4smile.com/quotes/author/steve-bannon/)

[Explore all 117 Steve Bannon quotes ](https://sms4smile.com/quotes/author/steve-bannon/)

## More Customer quotes

> [“Start a business, not a startup”](https://sms4smile.com/quotes/anonymous/start-a-business-not-a-startup/)

[Anonymous](https://sms4smile.com/quotes/author/anonymous/)

> [Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term…](https://sms4smile.com/quotes/barry-ritholtz/amongst-the-financial-twitterati-the-term-muppets-has-come-to/)

[Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/)

> [Many early-stage entrepreneurs make one simple mistake: Describing this 'big picture' in vague concepts and words.](https://sms4smile.com/quotes/sunil-nagaraj/many-early-stage-entrepreneurs-make-one-simple-mistake-describing/)

[Sunil Nagaraj](https://sms4smile.com/quotes/author/sunil-nagaraj/)

> [The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.](https://sms4smile.com/quotes/benjamin-graham/the-purpose-of-this-book-is-to-supply-in-the-form-suitable-for-laymen/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [Don't think OF the market. Think AS the market.](https://sms4smile.com/quotes/michael-fishman/don-t-think-of-the-market-think-as-the-market/)

[Michael Fishman](https://sms4smile.com/quotes/author/michael-fishman/)

> [If Wall Street crashes, does Main Street follow? Not necessarily.](https://sms4smile.com/quotes/ben-bernanke/if-wall-street-crashes-does-main-street-follow-not-necessarily/)

[Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/)

> [The exact details of how you practice value investing will vary investor to investor, but the fundamental principle of scouring the world, looking for…](https://sms4smile.com/quotes/whitney-tilson/the-exact-details-of-how-you-practice-value-investing-will-vary/)

[Whitney Tilson](https://sms4smile.com/quotes/author/whitney-tilson/)

> [The best way to hold customers is to constantly figure out how to give them more for less.](https://sms4smile.com/quotes/philip-kotler/the-best-way-to-hold-customers-is-to-constantly-figure-out-how-to/)

[Philip Kotler](https://sms4smile.com/quotes/author/philip-kotler/)

> [Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen…](https://sms4smile.com/quotes/peter-schiff/perhaps-the-most-important-reason-to-be-skeptical-of-government/)

[Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/)

> [When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency.…](https://sms4smile.com/quotes/peter-schiff/when-the-dollar-collapses-it-s-not-doing-it-in-a-vacuum-if-the-dollar/)

[Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/)

> [Corporations invest in sophisticated CRM, or Customer Relationship Management, programs to effectively oversee their relationship with their customers at every point during the buying…](https://sms4smile.com/quotes/marc-ostrofsky/corporations-invest-in-sophisticated-crm-or-customer-relationship/)

[Marc Ostrofsky](https://sms4smile.com/quotes/author/marc-ostrofsky/)

> [I believe confusion is good. Worldwide market leaders gain when there is confusion in the market.](https://sms4smile.com/quotes/subhash-chandra/i-believe-confusion-is-good-worldwide-market-leaders-gain-when-there/)

[Subhash Chandra](https://sms4smile.com/quotes/author/subhash-chandra/)

> [Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.](https://sms4smile.com/quotes/bill-gross/damn-inflation-full-speed-ahead-greenspan-has-said-in-both-action-and/)

[Bill Gross](https://sms4smile.com/quotes/author/bill-gross/)

> [“When companies get big, they devote most of their care and feeding to the business that got them big. This is as it should…](https://sms4smile.com/quotes/eric-schmidt/when-companies-get-big-they-devote-most-of-their-care-and-feeding-to/)

[Eric Schmidt](https://sms4smile.com/quotes/author/eric-schmidt/)

> [“Salesmanship is usually the art of making it the prospect’s problem, the salesperson’s need or desire to earn money.”](https://sms4smile.com/quotes/mokokoma-mokhonoana/salesmanship-is-usually-the-art-of-making-it-the-prospect-s-problem/)

[Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/)

[Browse all 9,257 Customer quotes ](https://sms4smile.com/quotes/about/customer/)

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "Quotation",
            "text": "I think the bailouts in 2008 were wrong. And I think, you look in hindsight, it was a lot of misinformation that was presented about the bailouts of the banks in the West.",
            "creator": {
                "@type": "Person",
                "name": "Steve Bannon"
            },
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "url": "https://sms4smile.com/quotes/steve-bannon/i-think-the-bailouts-in-2008-were-wrong-and-i-think-you-look-in/",
            "about": {
                "@type": "Thing",
                "name": "Customer"
            },
            "@id": "https://sms4smile.com/quotes/steve-bannon/i-think-the-bailouts-in-2008-were-wrong-and-i-think-you-look-in/#quotation",
            "image": {
                "@type": "ImageObject",
                "@id": "https://sms4smile.com/quotes/i/0c1/steve-bannon-4050_customer_i-think-the-bailouts-in-2008-were-wrong_169622.jpg",
                "contentUrl": "https://sms4smile.com/quotes/i/0c1/steve-bannon-4050_customer_i-think-the-bailouts-in-2008-were-wrong_169622.jpg",
                "url": "https://sms4smile.com/quotes/i/0c1/steve-bannon-4050_customer_i-think-the-bailouts-in-2008-were-wrong_169622.jpg",
                "width": 1080,
                "height": 1080,
                "caption": "“I think the bailouts in 2008 were wrong. And I think, you look in hindsight, it was a lot of misinformation…” — Steve Bannon",
                "creditText": "SMS4Smile Quotes",
                "creator": {
                    "@id": "https://sms4smile.com/quotes/#organization"
                }
            }
        },
        {
            "@type": "BreadcrumbList",
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "name": "Home",
                    "item": "https://sms4smile.com/"
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "name": "Quotes",
                    "item": "https://sms4smile.com/quotes/"
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "name": "Steve Bannon",
                    "item": "https://sms4smile.com/quotes/author/steve-bannon/"
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "name": "I think the bailouts in 2008...",
                    "item": "https://sms4smile.com/quotes/steve-bannon/i-think-the-bailouts-in-2008-were-wrong-and-i-think-you-look-in/"
                }
            ],
            "@id": "https://sms4smile.com/quotes/steve-bannon/i-think-the-bailouts-in-2008-were-wrong-and-i-think-you-look-in/#breadcrumb"
        },
        {
            "@type": "WebSite",
            "@id": "https://sms4smile.com/quotes/#website",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "publisher": {
                "@id": "https://sms4smile.com/quotes/#organization"
            }
        },
        {
            "@type": "Organization",
            "@id": "https://sms4smile.com/quotes/#organization",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "logo": {
                "@type": "ImageObject",
                "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png",
                "width": 512,
                "height": 512
            }
        }
    ]
}
```
