Barack Obama Quotes

The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.

The problem now is to shape our policy so as to avoid a calamitous break in the stock market … and at the same time accomplish if possible, the recovery of Europe.

The stability of global financial markets is a public good. If governments fail to protect this public good, then those who suffer are the working people of the world whose jobs, whose homes, and whose standard of living depends on it.

Global interdependence today means that economic disasters in developing countries could create a backlash on developed countries.

Soon after the financial crisis of 2008, I was at a meeting in Washington with a group of U.S. senators. They had invited me to provide a point of view on new regulation; regulation aimed at ensuring we never have to go through the events of 2008 ever again.

If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression.

With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully.

So people have been hurting and I understand that. And it doesn't give them comfort or solace for me to tell them, you know, but for me, we would be in a worldwide depression.

I mean, Iceland is Iceland. It can't do damage to anybody unless you're Icelandic. But the United States can drag down the entire western economy. And I think what we are seeing is simply a reflection of reality. This is not, I'm sorry, but this is not a AAA nation.

It took capitalism half a century to come back from the Great Depression.

An attack on the scale of Sept. 11 would rock the markets and the economy.

In my view, Asian countries have learnt the lessons from the past and significantly enhanced their capabilities to fend off risks.

In 2009, at the height of the global economic crisis, it was clear that we were seeing something new: the impacts of the crisis were flowing across borders at unprecedented velocity.

I would like to thank the Cypriot people for their maturity and collectedness shown in their interactions with the Cypriot Banks.

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.

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

But the world is ever more interdependent. Stock markets and economies rise and fall together. Confidence is the key to prosperity. Insecurity spreads like contagion. So people crave stability and order.

Our economy is increasingly dependent on the success and integrity of the financial markets.

The IMF is set up to deal with liquidity crises.

We cannot continue our leadership in the world as the largest debtor nation the world has ever known.

Not having a country with a financial crisis in the year is a pretty big deal to me. But something that didn’t happen is not something that people will focus on.

A lot of people are down on Bernanke, but in my view, he saved the nation.

Americans did not suffer alone. World trade overall fell two-thirds in the first few years of the Depression.

The prestige of the international financial institutions rates less than zero.

The lesson of 2008 is that ultimately our markets are driven by confidence.