Quoting the Crisis

“Ford is reporting a 48% drop in sales compared to the same...”
— A Nation Of Mechanics | NPR...

Mar 3rd

“The 2005 bankruptcy law made it more expensive and more...”
— Bob Lawless in Bankruptcy...

Mar 3rd

“Taiwan’s exports to China fell 55pc in January,...”
— Ambrose Evans-Pritchard in We...

Mar 3rd

“Many of the country’s largest employers are being...”
— Edward Lampert, Sears Holdings...

Mar 3rd

“Putting people into homes, though a desirable goal,...”
— Warren Buffet in his annual...

Mar 3rd

“Policymakers are assuming that restoring proper functioning...”
— Tim Duy in When Does Faith in...

Mar 3rd

“Manufacturing continues to decline at a rapid rate in...”
— February 2009 Manufacturing...

Mar 3rd

“In Q4 of 2008 GDP fell by about 6% in the US, 6% in the...”
— Nouriel Roubini in The Rising...

Mar 3rd

“AIG’s latest loss, a record for a U.S. company,...”
— AIG has $61.7 billion loss,...

Mar 3rd

“The long and short is that banks do not have enough common...”
— Creeping Nationalization

Mar 2nd

“For all of 2008, AIG lost $99.29 billion, wiping out profit...”
— AIG has $61.7 billion loss,...

Mar 2nd

“Total auto and truck sales in the U.S. were below 10 million...”
— Calculated Risk: Vehicle Sales...

Mar 2nd

“U.S. securities regulators on Friday accused Texas...”
— Anna Driver in U.S. charges...

Mar 1st

“The pension model is broken and along with it the...”
— Leo Kolivakis in The model...

Feb 28th

“While public decapitation of investment experts who make...”
— Terence Corcoran in The model...

Feb 28th

“[US] Gross domestic product declined at a 6.2% annual rate...”
— Conor Dougherty and Kelly...

Feb 28th

“The collapse in Asian exports over the fourth quarter was...”
— Frederic Neumann, Asia chief...

Feb 28th

“HBOS, Britain’s biggest mortgage lender, revealed that...”
— James Charles in Lloyds counts...

Feb 28th

“In the end, all pensions depend on a healthy economy and...”
— Jonathan Chevreau in Pension...

Feb 28th

“Despite its problems in the US, HSBC is expected to report...”
— Philip Aldrick in HSBC to...

Feb 28th

“The government has already taken over the financial system....”
— Nouriel Roubini, noting U.S....

Feb 28th

“As Gowers concluded, and the Government has until now...”
— Conclusion of an open letter...

Feb 27th

“JPMorgan estimates that $102bn of CDOs has already been...”
— Insight: Time to expose those...

Feb 27th

“Modern capitalism is based on a global ponzi scheme. There...”
— Joschka Fischer, former German...

Feb 27th

“The powers of persuasion, lobbying prowess and influence of...”
— William Buiter in Insuring...

Feb 27th

“Sir Fred Goodwin, the former chief executive who took the...”
— Graeme Wearden and Jill...

Feb 27th

“At present, the royalty for downloads is not specifically...”
— Guy Adams in Eminem’s...

Feb 27th

“G.M.’s global automotive operations lost $10.4 billion last...”
— Nick Bunkley in G.M. Loses...

Feb 26th

“Hiring a sophisticated trader and writing a short term...”
— Robert Waldman in...

Feb 26th

“This, as I understand it, is the standard theory of...”
— Eliezer Yudkowslki in Markets...

Feb 26th

“On a total return basis, the Ibbotson data show that the...”
— Peter L. Bernstein in Insight:...

Feb 26th

“We also know that turning a blind eye to the mortgage fraud...”
— Willam K. Black in The Two...

Feb 26th

“In short, the TALF is a way for any and all comers, domestic...”
— Edward Harrison in TALF: A...

Feb 26th

“One of the facts is if you subtract mortgage equity...”
— Niall Ferguson in There will...

Feb 26th

“Temporary nationalization of banks is, indeed, the best way...”
— Thomas Ferguson & Robert...

Feb 26th

“AIG and the US authorities are in advanced discussions over...”
— Francesco Guerrera and Sundeep...

Feb 26th

“RBS, which had to be bailed out by the government last year,...”
— RBS report record corporate...

Feb 26th

“And never trust with your money anyone making a potential...”
— Nassim Nicholas Taleb in How...

Feb 25th

“As two French banks struggle to weather the financial...”
— Joseph Schmid in France to...

Feb 25th

“Japan’s exports plunged 45.7 percent in January from a year...”
— Jason Clenfield in Japan...

Feb 25th

“The entire Landesbanken system is rotten. Credit will...”
— Hans Redeker, currency chief...

Feb 25th

“A.I.G.’s need for capital appears to be growing so quickly...”
— Mary Willams Walsh and Michael...

Feb 25th

“That’s why it’s not enough to simply give the...”
— Daniel Roth, for Wired, in...

Feb 25th

“Big banks keep insisting that they have all the capital they...”
— Eric Dash in Stress Test for...

Feb 25th

“If actions taken by the Administration, the Congress, and...”
— Fed Chairman Ben Bernanke...

Feb 24th

“At 7,100, we not only cut in half the October 2007 highs of...”
— Barry Ritholtz in 50% Dow...

Feb 24th

“Commercial real estate delinquencies are rising rapidly, and...”
— Calculated Risk: Fed:...

Feb 24th

“The bankruptcies were used by some as a fishing expedition...”
— Captain Chesley...

Feb 24th

“I think that this bad economic situation is a kind of chance...”
— Lica, young japanese fashion...

Feb 24th

“Historically, this wouldn’t even be an issue, because...”
— Mike Masnick in Will The...

Feb 23rd

“They don’t have the right to read a book out loud....”
— Paul Aitken, executive...

Feb 23rd

“Everybody is running for the door. The markets have decided...”
— Lars Christensen, head of...

Feb 23rd

“There’s no doubt that the economy is in its worst state in...”
— Kaoru Yosano, Japan Economic...

Feb 23rd

“In my view, Citigroup has just put itself in play, meaning...”
— Edward Harrison in Citi:...

Feb 22nd

“Ultimately, both Governments have failed on one crucial...”
— Conclusion of an El Pais...

Feb 22nd

“We witnessed the collapse of the financial system. It was...”
— George Soros, quoted in Soros...

Feb 22nd

“A report by Moody’s Global Banking in September said...”
— Andras Gergely, Reuters, in...

Feb 22nd

“America’s relative decline since 2000 of some 30 percent...”
— Robert Pape, quoted by Patrick...

Feb 22nd

“Eastern Europe has borrowed an estimated $1.7 trillion,...”
— John Maulding in While Rome...

Feb 22nd

“I do not know how well America would bear up if we had a...”
— Yves Smith in naked...

Feb 22nd

“Deregulation can be a principled position held by true...”
— Dean Baker in Boston Review —...

Feb 20th

“The extreme fiscal largesse bestowed on residential housing,...”
— Willem Buiter in FT.com |...

Feb 20th

“Bank of America Chairman and Chief Executive Kenneth Lewis...”
— BofA’s Lewis Subpoenaed...

Feb 20th

“UBS, the largest bank in Switzerland, agreed on Wednesday to...”
— Lynnley Browning in The Swiss...

Feb 20th

Watch

The Crisis of Credit Visualized by Jonathan Jarvis.

Feb 20th

“Between 2003 and 2007 Citigroup Inc. paid out about $44...”
— David Reilly in ...

Feb 19th

“When push comes to shove Germany, France, the larger players...”
— Alex Allen, chief investment...

Feb 18th

“The Federal Reserve reported that industrial production fell...”
— Calculated Risk: Capacity...

Feb 18th

“It may be necessary to temporarily nationalise some banks in...”
— Alan Greenspan, quoted by...

Feb 18th

“We are alleging a fraud of shocking magnitude that has...”
— Rose Romero, director of the...

Feb 17th

“American authorities have started to investigate the alleged...”
— Patrick Cockburn in A...

Feb 17th

“In investing, Hope is a four letter word. It reflects...”
— Barry Ritholtz in Hope is a...

Feb 17th

“For years we have touted the basic mantra of pay for...”
— Judy McLean Parks, quoted in...

Feb 17th

“The U.S. economy is headed for two quarters of negative...”
— First Quarter 2009 Survey of...

Feb 17th

“One of the puzzles of the 2007/8 credit crunch is how a...”
— Did the Credit Ratings System...

Feb 16th

“California has also lost access to much of the credit...”
— Jennifer Steinhauer in...

Feb 16th

“ROYAL BANK OF SCOTLAND boss Stephen Hester is to unveil a...”
— Iain Dey in £30 billion loss...

Feb 16th

“I love writing about RBS, it’s like Citigroup in the U.S....”
— Edward Harrison in Links:...

Feb 16th

“By the summer of 2007 it was clear the relationship between...”
— Joshua Rosner, Managing...

Feb 16th

“Here is the crux of the matter: there are a number of banks,...”
— Edward Harrison in Too big to...

Feb 16th

“The economy is in terrible shape and the scary part is that...”
— Seiji Adachi, a senior...

Feb 16th

“Home sales increased 85% in December in California compared...”
— Mark J. Perry in CARPE DIEM:...

Feb 16th

“Nationalization is the only option that would permit us to...”
— Matthew Richardson and Nouriel...

Feb 16th

“General Motors Corp., nearing a federally imposed deadline...”
— John D. Stoll and Sharon...

Feb 14th

“No one knows how bad things have become, though it is clear...”
— Robert F. Worth in Laid-Off...

Feb 14th

“What my Office has learned thus far concerning the...”
— Calculated Risk: NY AG Cuomo...

Feb 12th

“China’s exports fell at the fastest rate in almost 13 years...”
— Edward Hugh in Global Economy...

Feb 12th

“It is one thing for the population at large to think that...”
— Daron Acemoglu in “The...

Feb 12th

“The FASB mark-to-market rule is truly an economists’...”
— Robert Arvanitis in The...

Feb 12th

“The Chinese currency and assets are too cheap in dollar...”
— Ray Dalio, Chief Investment...

Feb 10th

“In the simplest sense, the country reaches the point when it...”
— Ray Dalio, Chief Investment...

Feb 10th

“When we sized the amount in September [2008], we obviously...”
— James Lockhart, Federal...

Feb 10th

“Since for me much of the Chinese growth explosion of the...”
— Michael Pettis in Will China...

Feb 10th

“The effect of trading by speculators, who don’t produce or...”
— Gary Gensler, President Barack...

Feb 10th

“It doesn’t matter how well you did in the past if you are...”
— The Aleph Blog » Blog...

Feb 10th

“As hard as it is to believe, bankers who are living on the...”
— Holly Peterson,the author of...

Feb 9th

“The age of the U.S. and world economy being driven by the...”
— Nigel Gault, chief U.S....

Feb 8th

“Readers may also wonder why, in the United States, the ratio...”
— Uwe E. Reinhardt in Supply,...

Feb 8th

“How unfair the system is has been revealed by a crisis that...”
— George Soros in FT.com /...

Feb 8th

“Just as ‘war is too important to be left to the...”
— Jesús Huerta de Soto,...

Feb 5th

“The troubled Royal Bank of Scotland, rescued with £20...”
— Patrick Hosting and Philip...

Feb 5th

“There is absolutely no reason why hard-working American...”
—  Senator Christopher J. Dodd,...

Feb 5th

“So we have a choice to make. We can once again let...”
— Barack Obama - The Action...

Feb 5th

“Property values declined sharply in 2008, and we anticipate...”
— Moody’s analyst Nick Levidy...

Feb 5th

“After the Reagan-Thatcher revolution, fans of deregulation...”
— Was repealing Glass-Steagall...

Feb 4th

“In interviews, several high-level music executives, who...”
— Tim Arango in Despite Accord...

Feb 4th

“Hundreds of workers protested outside the city government so...”
— A local government official in...

Feb 3rd

“Under a program called Project Match, IBM will help workers...”
— Paul McDougall in IBM Offers...

Feb 3rd

“The New York Fed’s Treasury spread model predicts the...”
— Mark J. Perry in CARPE DIEM:...

Feb 3rd

“One bank to buy them all, one bank to find them, One bank...”
— Tracy Alloway in FT...

Feb 2nd

“CALIFORNIA officially runs out of money today.”
— California’s budget...

Feb 2nd

“In 2009, if you are a bank chief executive, your reputation...”
— Abigail Hofman in Lewis...

Feb 1st

“John Monks, general secretary of the European Trade Union...”
— Simon Kennedy in...

Feb 1st

“In addition to trying to get out of the recession — our...”
— Tyler Cowen in Economic View -...

Feb 1st

“General Motors plans to invest $1 billion in Brazil to avoid...”
— Russ Dalen in Latin American...

Feb 1st