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Financial Crisis Quotes

Stop Digging

When you're in a pit, the first thing to do is to stop digging.

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In One Way

In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'

Fortune, 8/16/07, On the financial institution practice of valuing subprime assets on the basis of a computer model rather than the free market price

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Don't Know Much

What we know about the global financial crisis is that we don't know very much.

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Quite Worrying

I'm quite worried about the fiscal imbalances that we've got and what that might mean in terms of financial crisis ahead.

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Banks Get Hit

Whenever there is a a financial crisis, it is always the banks that get hit.

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Blame for a Financial Crisis

Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.

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