Quoting the Crisis

“The good health of Canada’s banks is due to better...”
— Niall Ferguson in The Way We...

May 29th

“Most musicians are amateurs with no financial interest in...”
— Lucas Gonze quoted by Mike...

May 29th

“The entire European leg of the crisis is the story of the...”
— Achim Dübel in The...

May 28th

“The Baltic Dry Index came close to reaching an 8-month high...”
— Mark J. Perry in Baltic Dry...

May 28th

“CDOs were a financial unnovation, that crippled the...”
— Is Your Innovation Really...

May 28th

“Fixing compensation should be the responsibility of...”
— Alan S. Blinder in Crazy...

May 28th

“The Hummer was a product unnovation, which destroyed value...”
— Is Your Innovation Really...

May 28th

“In the race to innovate, most organizations forget a simple...”
— Is Your Innovation Really...

May 28th

“The real problem is that the banks are carrying them at...”
— Yves Smith in naked...

May 28th

“I very much wish now that I had demanded that we put...”
— Economist’s View: Bill...

May 28th

“I don’t know the key to success, but the key to failure is...”
— Bill Cosby (via kari-shma)...

May 27th

“Intellectual and personal integrity for the citizens,...”
— Copyriot › Lars...

May 27th

“Sustainable consumption in Britain may be as much as 20 per...”
— Dieter Helm, a professor of...

May 26th

“If the US cannot stand to make risk capital like bondholders...”
— Yves Smith in Are the US and...

May 26th

“A C.D. Howe Institute report has concluded that only...”
— Pensions for the pensionless |...

May 26th

“The general pattern in the technology industry is that a few...”
— James Kwak in What Good Is It,...

May 26th

“On this view, the seven-, eight-, and nine-figure salaries...”
— Felix Salmon in The...

May 26th

“iTunes would agree to consider making its content available...”
— Apple, in a report posted on...

May 26th

“When you have a few people taking home billions, that’s a...”
— Ryan Avent in Finance, the...

May 26th

“So as a believer in efficient markets I’m inclined to...”
— Mike at Rortybomb in Efficient...

May 26th

“On financial sector issues, the lobbies look stronger than...”
— Simon Johnson in The Crisis Is...

May 26th

“If you don’t make mistakes, you aren’t really trying”
— Coleman Hawkins (musician)...

May 26th

“The banks appear to wish to maintain the intra-dealer market...”
— Brad Hintz, an analyst at...

May 25th

“We have a hundred year long trend, from 1895 to 1995, when...”
— Dean Baker in Sorry Greg, This...

May 25th

“Who would have thought that America’s largest state, a state...”
— Paul Krugman in State of...

May 25th

“There isn’t enough capital in the world to buy the new...”
— Kyle Bass from the US fund...

May 25th

“There are two features that I think deserve to be pointed...”
— George Soros in The Crisis and...

May 25th

“I think this story starts really in the Eighties. During the...”
— Robin Wells in The Crisis and...

May 25th

“According to the Las Vegas Convention and Visitors...”
— Calculated Risk: Lost Vegas

May 25th

“Only 25 per cent of all OTC trading actually happens in...”
— A senior banker in London,...

May 20th

“Japan’s economy shrank at a record 15.2 percent annual pace...”
— Jason Clenfield in Japan’s...

May 20th

“Banks had a total of $122.3 billion in life insurance on...”
— Ellen E. Shultz in Banks Use...

May 20th

“Originally banks created swaps to help their customers...”
— The Institutional Risk...

May 19th

“In the final three months of 2007, AIG lost over $5 billion....”
— Tim Rayment in Joseph Cassano:...

May 19th

“The “bad incentives” turn of phrase, while...”
— Yves Smith in “Why Did...

May 19th

“To justify the share price, [AIG] would have to grow about...”
— Tim Freestone, from Crisis...

May 19th

“The real question is why did management fail to do a better...”
— Yves Smith in naked...

May 19th

“As households whose HELOCs have been cut or whose home...”
— Tyler Durden in Guest Post:...

May 18th

“Meanwhile, Americans’ credit card debt has risen to the...”
— Suki Kim in Notes From Another...

May 18th

“The German political classes have yet to comprehend that...”
— Wolfgang Münchau in Germany...

May 18th

“As the crisis has demonstrated, the current regulatory...”
— Ilya Podolyako in Guest Post:...

May 18th

“Once we have adopted three-strikes for print, we can move on...”
— Ed Felten in A Modest...

May 15th

“The RIAA is officially ditching its policy of suing...”
— Alexandra Osorio in ...

May 15th

“The Baltic Dry Index (BDI) closed above 2300 for the first...”
— Mark J. Perry in Baltic Dry...

May 14th

“The obvious question that arises here is why did AIG slow...”
— Tyler Durden in Guest Post:...

May 14th

“The administration asked Congress to move quickly on...”
— Stephen Labaton and Jackie...

May 14th

“Instruct regulators to look for the newest fad in the...”
— L. William Seidman, who...

May 14th

“I would argue that a majority of the horrors we face would...”
— Charlie Munger, Warren...

May 14th

“The Securities and Exchange Commission staff is readying...”
— Kara Scannell and John R....

May 14th

“We are finally beginning to see the seeds of a bottoming [in...”
— Alan Greenspan, quoted by...

May 13th

“Our office has sought accountability at all levels of the...”
— Massachussetts Attorney...

May 12th

“Chinese exports in April fell 22.6% from a year earlier, and...”
— Terence Poon and Liu Li in...

May 12th

“Thus, only $14 billion, or a paltry 1.9% of the massive...”
— Van R. Hoisington and Lacy H....

May 12th

“Here we have financial technology trumping what is in the...”
— Yves Smith in Credit Default...

May 12th

“Simply put, the US doesn’t manufacture enough, and too...”
— cactus in The End of a...

May 12th

“We want rapid, reliable information from the investors...”
— German Economy Minister...

May 11th

“On any single policy, the abdication of Congressional...”
— Tyler Cowen in There’s Work to...

May 11th

“The top subprime lenders whose loans are largely blamed for...”
— John Dunbar and David Donald...

May 11th

“We’ve seen a sharp rise in interest rates in the last...”
— Elizabeth Warren, law...

May 11th

“But what makes credit default swaps like betting on the...”
— Benjamin M. Friedman in The...

May 11th

“The “Asian Monetary Fund,” so passionately derided by...”
— William Pesek in Summers,...

May 8th

“The other argument against allowing banks to fail is that...”
— Matthew Richardson and Nouriel...

May 7th

“Europe’s central banks are $40bn poorer than they might have...”
— Javier Blas in Gold sales cost...

May 7th

“It would not be right to blame any single person for these...”
— James Galbraith in James...

May 7th

“Our goal is not to enhance the expertise on Wall Street....”
— Malcolm Gladwell, quoted by...

May 7th

“In other words, small mistakes we can live with. Large...”
— Felix Salmon in The Risks of...

May 7th

“The system will look more like what preceded the current...”
— H. Rodgin Cohen, chairman of...

May 7th

“The top subprime lenders whose loans are largely blamed for...”
— John Dunbar and David Donald...

May 7th

“Chrysler is coy on its exact number of U.S. employees, but...”
— Lou Whiteman in Taxpayers...

May 7th

“Je préfère que quelqu’un ‘vole’ ma musique...”
— Francis Lalanne distribue les...

May 6th

“In sum, Treasury’s plan to enhance the capitalization of...”
— Paul Kasriel, quoted by Edward...

May 6th

“Regulators have determined that Bank of America Corp....”
— Rebecca Christie in Bank of...

May 6th

“In 2001, 1.458 million American families filed for...”
— David U. Himmelstein,...

May 5th

“The government debt will never be repaid. The bondholders...”
— Jerry Flint in GM’s...

May 5th

“After months of government criticism and a slew of ugly...”
— Adam Smith in What Banks Are...

May 5th

“The only thing that had changed, really, was that banks were...”
— James Surowiecki in Monsters,...

May 5th

“For technologically illiterate executives, bored by risk...”
— Lawrence Baxter in Guest Post:...

May 5th

“The International Monetary Fund has just released a study of...”
— Matthew Richardson and Nouriel...

May 5th

“Decades of advice turn out to be so much garbage.”
— Helaine Olen in The End of...

May 5th

“China is aware that it must become independent from the...”
— Andy Xie in FT.com / Comment /...

May 5th

“Senior managers believe it is up to investors to ask rather...”
— Tanya Beder, a risk-management...

May 4th

“The troubling pattern of unlicensed agents highlights yet...”
— NY Attorney General Andrew M....

May 4th

“Just how systemic is fraud in the financial industry and at...”
— Leo Kolivakis in Systemic...

May 4th

“I fear I will disappoint my card-carrying capitalist...”
— You Realithe, Of Courth, Thith...

May 4th

“The German government has issued an ultimatum to the...”
— Gerrit Wiesmann and James...

May 4th

“So you might think that wage cuts raise employment — which...”
— Paul Krugman in Falling Wage...

May 4th

“It’s bad enough that Friedman owned Goldman shares...”
— Yves Smith in A Conflict of...

May 4th

“The great corporations which we have grown to speak of...”
— Theodore Roosevelt,...

May 4th

“The long and short is this: * Secured creditors might have...”
— Edward Harrison in The case of...

May 2nd