- Bitcoin
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- Nov 07, 2020
Financial System Quotes
How money moves, and what happens when it stops.
These financial system quotes range from calls to rethink the ethics behind global finance to sober assessments of what a major bank's collapse could have triggered. For related economic angles, see our Beginning quotes.
- Last Updated on Aug 01, 2026
- Great
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- Nov 07, 2020
We have got to change our ethics and our financial system and our whole way of understanding the world. It has to be a world in which people live rather than die; a sustainable world. It could be great.
- Financial
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- Nov 07, 2020
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
- Credit
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- Nov 07, 2020
We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households.
- Economy
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- Nov 07, 2020
The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe.
- Deposit
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- Nov 07, 2020
If women had better access to the financial system - even so much as a basic deposit account at a bank - it would be a major step in the direction of greater wealth and greater economic empowerment.
- End
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- Nov 07, 2020
It took us years to get into the mess that we got ourselves in at the end of 2008, and it's going to take a while to get us out. We lost eight million jobs, we saw a financial system near collapse, we have a continuing housing crisis that we're making progress on dealing with.
- Distributed
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- Nov 07, 2020
The way the textbook works is you have gains from trade that should be distributed across all the trading partners. As soon as one bad actor like China massively cheats, they win at the expense of us; they win at the expense of Europe, and over time, it threatens the entire integrity of the global financial system and the global trading system.
- Impossible
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- Nov 07, 2020
There are regulators at the SEC and elsewhere who are really excited about the potential of the blockchain. They understand you can build a robust financial system - it would solve all your black swan problems. All kinds of mischief and games that are played in the current system become impossible in this system.
- Internet
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- Nov 07, 2020
Digital currencies present a chance for money to truly become information, and for the creation of a global financial system that is truly frictionless, open, and uncensored - the vision we once had for the Internet.
- Control
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- Nov 07, 2020
The financial system has to be regulated, we have to end with the tax havens, and it's necessary that the central banks in the world should control a little bit the banks' financing because they cannot bypass a certain range of leverage.
- Depression
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- Nov 07, 2020
We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.
- Financial
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- Nov 07, 2020
I worked on one speech about the financial system that caused the Dow to drop, like, 200 points.
- Growth
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- Nov 07, 2020
We need a resilient, well-capitalized, well-regulated financial system that is strong enough to withstand even severe shocks and support economic growth by lending through the economic cycle.
- Ensure
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- Nov 07, 2020
The Fed's organization reflects a long-standing desire in American history to ensure that power over our nation's monetary policy and financial system is not concentrated in a few hands, whether in Washington or in high finance or in any single group or constituency.
- Financial
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- Nov 07, 2020
The question of how to structure our nation's financial system arose in the early years of the republic.
- Causing
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- Nov 07, 2020
By the beginning of the 20th century, the debate about monetary policy and the nation's financial system had been going on for over a century. Increasingly, the shortcomings of the existing system were causing too much harm to ignore.
- Important
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- Nov 07, 2020