The collapse of Enron was devastating to tens of thousands of people and shook the public's confidence in corporate America.
Better to be screwed physically than financially.
Ebola is not just a health crisis. Across West Africa, a generation of young people risks being lost to an economic catastrophe.
I remember I had a psychologist that I worked with in Phoenix tell me one time that the loss of a job and the loss of one's wealth is more devastating to most than losing a loved one or getting divorced. And that really hit me.
We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.
Look round, the wrecks of play behold; Estates dismember'd, mortgaged, sold! Their owners now to jails confin'd, Show equal poverty of mind.
African Americans, in particular, saw their cumulative wealth crash. They used to have 10 cents on the dollar of the average white family. That 10 cents on the dollar that the African American family used to have crashed down to 5 cents on the dollar, given the focus of predatory lending on the African American community and the degree to which they were really devastated by the foreclosure crisis. So yeah, I think there is a lot of disappointment out there.
Nobody's safe. Health insurance? That didn't protect 1 million Americans who were financially ruined by illness or medical bills last year.
I burn the way money burns.
I have met so many people who had their life savings wiped out, who lost their homes, who are barely back with their heads above water.This was a disaster for our country, and we can never let that happen again.
The United States have developed a new weapon that destroys people but it leaves buildings standing. It's called the stock market.
Once our country is fully engulfed in a debt crisis, our economy will be torn apart, and every American will be a victim of the federal government's failure to prevent this disaster.
The commercial storm leaves its path strewn with ruin. When it is over there is calm, but a dull, heavy calm.
Nine million people - nine million people lost their jobs [in 2008]. Five million people lost their homes. And $13 trillion in family wealth was wiped out.Now, we have come back from that abyss. And it has not been easy.
If you lose your house and your life savings to a broker, you'd probably throw them in the same category as the worst gangsters in history. Everybody's definition of carnage and evil is different.
Give a small number of people the power to enrich themselves beyond everyone's wildest dreams, a philosophical rationale to explain all the damage they're causing, and they will not stop until they've run the world economy off a cliff.
The wiping out of millions of homes took away Black and Brown wealth. It drove poverty, it drove unemployment, it drove people to food stamps.
Many Enron employees lost 70 percent to 90 percent of their retirement assets after the company indicated that it would re-state profit reports.
