Quotes About Financial Crisis Of 2007 2010

Quotes tagged as "financial-crisis-of-2007-2010" (showing 1-2 of 2)
Noam Chomsky
“The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient.”
Noam Chomsky

Michael Lewis
“The relationship between the people and their money in California is such that you can pluck almost any city at random and enter a crisis. San Jose has the highest per capita income of any city in the United States, after New York. It has the highest credit rating of any city in California with a population over 250,000. It is one of the few cities in America with a triple-A rating from Moody’s and Standard & Poor’s, but only because its bondholders have the power to compel the city to levy a tax on property owners to pay off the bonds. The city itself is not all that far from being bankrupt.”
Michael Lewis, Boomerang: Travels in the New Third World

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