Financial Crisis Prevention Quotes

Fortunately, when Korea was struck by the 1997/8 financial crisis, that was a good opportunity for us to engage in fundamental reforms and strengthen our financial structure. As a result, our financial regulatory structure and regime have been very much strengthened.

You can't look back at the worst financial crisis of our lifetimes that started in 2008 and not have some important lessons about the critical nature of oversights in financial markets and institutions.

A lot of ambitious code has been written into the law for those and we will have to see if it actually works, if we have another example of a big financial institution going bankrupt.

I ran for Congress not because I was having a mid-life crisis. I left the private sector because I saw a looming financial crisis that was coming to this country. It's unsustainable.

We've got to be prepared to stop these guys if they ever try to use their economic power once again, to hurt the economy, and to hurt so many Americans. And my plan, Paul Krugman, Barney Frank, a lot of experts who understand what the new challenges might be, have said I am exactly on point, and the Wall Street guys actually know that.

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.

Capping the size of American banks won't eliminate the needs of big businesses; it will force them to turn to foreign banks that won't face the same restrictions.

First and foremost, it's important to remember that, from my perspective at least, my most important legacy was making sure that the world didn't go into a Great Depression.

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.

The Fed has neither the clear statutory authority nor the mandate to anticipate and deal with risks across our entire financial system.