George Soros Quotes

The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.

The assumption that Washington could and would resolve Lehman Brothers without a bankruptcy, as it had Bear Stearns, was the single biggest mistake in the series of mistakes in 2007 and 2008 that led to the financial panic and the ensuing epidemic of job losses.

Wall Street excesses helped lead to the Great Recession.

There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis.

Within a few months in 2008, household finances were crushed as asset values fell, millions of jobs were lost, countless credit cards were canceled, and thousands of homes were foreclosed on.

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.

In September 2008, the overleveraged and undermanaged U.S. banking system suffered a terrifying collapse. And that, in turn, nearly took the whole country down.

What we know about the global financial crisis is that we don't know very much.

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

I have 13 bankers in my office, and they say that if you go forward with this you will cause the worst financial crisis since World War II.

Hey, guess what? Turns out the free market? Not so free. Wall Street was hit hard Monday when Lehman Brothers filed for bankruptcy, Merrill Lynch was sold to Bank of America, and insurance giant AIG neared a collapse of its own. Basically, if your commercials air during golf tournaments, you're done.

September and October of 2008 was the worst financial crisis in global history, including the Great Depression.

We start this new year in the midst of an economic crisis unlike we have seen in our lifetime.

The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.

The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.

I don't know if we're on the edge of the precipice, but we're in a very, very, very difficult situation.

The financial and economic crash of 2008, the worst in over 75 years, is a major geopolitical setback for the United States and Europe.

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

Uncertainty is killing this economy.

A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more we try to fathom it.

If the financial system collapses, it's really, really hard to put it back together again.

At many points during our nation's history, there have been times - known in our history textbooks as 'panics' - when adverse conditions affecting the financial and economic sectors of the country have caused individuals to hoard more than they need.

To my mind, the main reason for the Depression in the United States as a whole, is the bondage of debt and the spirit of speculation among the people.

Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.

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