Funny money has always been the reason housing prices have risen too fast. First, it was liar loans and negative-amortizing mortgages, where the total amount you owed increased rather than decreased every month. We all know how that ended, with the global financial crisis of 2008.

Glenn Kelman

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.

Adi Godrej

Year UN Truck

Forced to confront a reptile or an international financial crisis, I'll take the reptile every time.

Alexandra Petri

Time Very Tim

To have come of age during and after the global financial crisis of 2008 is to belong to a generation often unable to do what an American could once expect, and to do what was once expected: Get a job, pay off student loans, and find a place of your own.

Anand Giridharadas

Age Your You

During the financial crisis, I worked with hundreds of executives who struggled as a result of their thoughts about job security. When their beliefs changed, so did their emotional experience - and they were then able to focus on the task at hand more effectively.

Andrew J. Bernstein

Work Experience Change

Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.

Andrew Lo

Science Wishful Thinking Wish

American business would be run better today if there was more alignment between CEOs' interest and the company. For example, would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take a very small percentage of every mortgage-backed security... or every loan they made?

Aubrey McClendon

Men Business Age

You can't look back at the worst financial crisis of our lifetimes that started in 2008 and not have some important lessons about the critical nature of oversights in financial markets and institutions.

Austan Goolsbee

Time Nature Life

There are downsides to implicitly trusting banks, as the 2008 financial crisis showed.

Balaji Srinivasan

Trust Wed Us

Food Stamp recipients didn't cause the financial crisis; recklessness on Wall Street did.

Barack Obama

Food Wall Street Wall

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

Ben Bernanke

Great Very Ted

I was a professor at Princeton University. And, in that capacity, I studied for many years the role of financial crisis in the economy.

Ben Bernanke

Years Year University

The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.

Ben Bernanke

Wit Vent Uses

I started out in public service in 1998 after the Asian financial crisis of '97.

Benigno Aquino III

Art Vice Ted

The details of what the Fed did were kept secret until a provision in the Dodd-Frank Act that I sponsored required the Government Accountability Office to audit the Fed's lending programs during the financial crisis.

Bernie Sanders

Men Government Were

I spent my whole career thinking about risk, markets, infrastructure, and regulation. I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem.

Blythe Masters

Car Art Whole

I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem.

Blythe Masters

Art Which Unfold

Soon after the financial crisis of 2008, I was at a meeting in Washington with a group of U.S. senators. They had invited me to provide a point of view on new regulation; regulation aimed at ensuring we never have to go through the events of 2008 ever again.

Bob Diamond

Wit Washington Washing

No one should have to choose between medicine and other necessities. No one should have to use the emergency room every time a child gets sick. And no one should have to live in constant fear that a medical problem will become a financial crisis.

Brad Henry

Time Medical Fear

The President and the Democrats on Congress have exploited the financial crisis to advance their socialist big government tax, spend and borrow agenda.

Bradley A. Blakeman

Men Government Age

There was a clarity to the Nineties. It was pre-9/11, before that anxiety kicked in that exists right now about the financial crisis or terrorism. We were all just going to move forward into the millennium and everything was always going to get better. Then, whoops, that didn't happen.

Carrie Brownstein

War Who Were

If Freddie Mac is unable to raise capital, it could spark a political and financial crisis.

Charles Duhigg

Sometimes, the aftermath is more devastating than the storm. That is the story of the 2008 financial crisis. It was disastrous at the time, but what has been worse is how long it has lingered.

Chrystia Freeland

In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables.

Dale T. Mortensen

President Obama inherited a broken country mired in two wars, a financial crisis, a mortgage mess and more than we all probably even know about and has in my opinion brought us back from the brink. But I still see my friends in no better shape and the gap widening.

Don Cheadle

I want to see somebody go to jail over the financial crisis and not just black, brown and poor whites over humbles and minor drug beefs.

Don Cheadle

I felt I could still make a contribution with ideas. I didn't know how, and it has taken me some time to work that out. There were things that mattered to me about the future of the country: inequality, what the post-financial crisis settlement would be. I still felt strongly about all that.

Ed Miliband

Let us not forget, the financial crisis had its roots in the decision by Congress to embark on a course of social justice to get everyone that wanted a home into one, regardless of whether or not they could afford it.

Ed Royce

If there had been a Financial Product Safety Commission in place 10 years ago, the current financial crisis would have been averted.

Elizabeth Warren

I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company.

Eric Yuan

After the global financial crisis of 2008, populist uprisings had sprouted across Europe. Putin and his strategists sensed the beginnings of a larger uprising that could upend the Continent and make life uncomfortable for his geostrategic competitors.

Franklin Foer

If you look at European societies since the financial crisis began in 2008, with very, very few exceptions, the differences between rich and poor have increased, and sometimes hugely.

Frans Timmermans

The problem with the focus on speculators, as was demonstrated during the financial crisis, is that it tends to divert attention from the real villains. During the financial crisis, the villains were the actions of the banks, not the speculators betting on bank share prices.

Gary Weiss

The heart of the 2008 financial crisis was a coterie of reckless financial executives, working for too-big-to-fail financial companies, who were handsomely compensated for taking risks that almost ruined the economy when they failed.

Gary Weiss

The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.

George W. Bush

The single most remarkable (and revealing) fact of the Obama presidency may very well be the lack of a single prosecution of Wall Street executives for the massive fraud that precipitated the 2008 financial crisis.

Glenn Greenwald

The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.

Glenn Hubbard

President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis that's been a shame.

Glenn Hubbard

I think the ethos for Gov. Romney is to use a whole variety of policies, of which tax policy is one, to try to raise the rate of growth. We've had a recovery from the financial crisis that would be well below what one might normally expect for a recovery from such a deep recession. And to counteract that we need better tax policy.

Glenn Hubbard

Funny money has always been the reason housing prices have risen too fast. First, it was liar loans and negative-amortizing mortgages, where the total amount you owed increased rather than decreased every month. We all know how that ended, with the global financial crisis of 2008.

Glenn Kelman

The motto of the old order in the City of London was, 'My word is my bond,' but the financial crisis revealed a culture quite alien to that heritage. The stewards of people's money were revealed to have been speculators with it.

Gordon Brown

Asean is obviously a very important association for us. Over the past 30 years Asean has made great strides in regional cooperation covering a number of areas, although recently it has been under strain because of the financial crisis and other challenges.

Hassanal Bolkiah

Europe has, to put it mildly, been in a poor state since the transition to the 21st century. This is down to national issues, European missteps, and an economic and financial crisis that crashed down on us with enough force to dislodge the essential European idea.

Helmut Kohl

I believe that the root cause of every financial crisis, the root cause, is flawed government policies.

Henry Paulson

I can't help but think what would have happened if a divisive character such as Trump were president during the 2008 financial crisis, at a time when leadership, compromise, and careful analysis were critical.

Henry Paulson

Managing and navigating through a financial crisis is no fun at all.

Howard Schultz

The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.

Hu Jintao

The financial crisis is a stark reminder that transparency and disclosure are essential in today's marketplace.

Jack Reed

Low-volatility funds, which tend to smooth out performance, have been especially popular since the financial crisis. The PowerShares S&P 500 Low Volatility Fund is the oldest, begun in 2011.

James B. Stewart

The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished.

James Buchan

Regulators around the world have achieved an unprecedented level of collaboration since the financial crisis to create global standards for financial institutions. American regulators have largely viewed these international standards as a floor, and imposed higher standards on U.S. institutions.

James P. Gorman