Disaster Quote by Thomas Sowell

The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were…

— Nassim Nicholas Taleb

No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to…

— Thomas Sowell

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

“The idea, in the wake of the savings-and-loans disaster, was to spread risk outward from those immediately involved in lending to mortgage borrowers and…

— Adam Tooze

“The American share of the crisis began with grossly improper mortgages provided to wholly unqualified borrowers, all directly caused and encouraged by government distortion…

— G.M.W. Wemyss

The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in…

— Thomas Pogge

I think there were bad actors in the government and bad actors in the finance, mortgage, markets industries that need to be called out…

— Hillary Clinton

“We were taking out mortgages we couldn’t afford because they were camouflaged to look as if we had a reasonable chance of paying them…

— Douglas Rushkoff

Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place,…

— Thomas Sowell

The biggest culprits in the housing fiasco came from the private sector, and more specifically from a mortgage industry that was out of control.

— Anonymous

If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks,…

— Carmen Reinhart

There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And…

— Timothy Geithner