Wellington Mara Quotes

The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.

The upward economic movement in America has undoubtedly reached its end – the crisis has come.

No one saw the recession coming.

I'd be kidding if I said that I predicted the financial collapse.

America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.

Some things never change - there will be another crisis, and its impact will be felt by the financial markets.

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

If the Chinese bubble bursts one day, which inevitably will happen - maybe not tomorrow, maybe in three months, maybe in three years - when it happens, it will have devastating consequences for the global economy.

These heroes of finance are like beads on a string; when one slips off, all the rest follow.

Economic and financial crisis are getting much more usual, and they are not confined to a given country but they immediately spread all over the world, and you have to be prepared for that.

A recession is a period in which you tighten your belt. In a depression, you have no belt to tighten. In a panic you have no pants left to hold up.

Last year, in the year 2008, it just became normal to watch great American institutions crumble, almost dissolve like sand.

I did not forsee a day where the government had to intervene to bail out basically everybody.

The collapse of the housing bubble sent the world spiraling into recession. The collapse of the energy and commodity bubble threatens to be just as damaging.

Depression is the aftermath of credit expansion.

The onset of a crisis is usually triggered by a spectacular failure which shakes confidence in fictitious forms of capital.

My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.

Banks wont even loan each other money, everybody's going broke, and here we are inside here, these people are going to be out on the street selling apples and pencils and they're still going to be buying paintings for this money, so I don't know what's going on in this world.

The Stock Market was down today. Two major businesses declared bankruptcy, consumer spending is at an all time low - in other words, Bush is back on the job.

The economy is in tatters; your job is in trouble - if you still have a job. And you know what? I've been saying it for years.

No I don't think it was a myth at all, anymore than what the recession that the whole country was experiencing was a myth, which obviously seems like it's going to get worse and worse.

Financial crises are like fireworks: they illuminate the sky even as they go pop.

We say, 'The market plummets,' like it's some roaring creature.

Commercial distress in any great business center will the more surely create widespread disaster.

There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.