Market Turmoil Quotes

Panic in Wall Street, brokers feeling melancholy.

If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.

An AIG failure would have been devastating to the financial system and to the economy.

We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.

Not every financial company toppled during the 2008 crisis, and some seized the opportunity to take advantage of weaker competitors in the midst of the tumult.

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

I am seriously troubled by the proposed rapid consolidation in the telecommunications marketplace.

It was always tough, but today we are in the throes of something we have never seen in our history. It's clear in recent times the market is looking for a bottom.

The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.

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.

In September 2008 - as Lehman Brothers filed for bankruptcy and AIG, the world's biggest insurance company, accepted a federal bailout - Senator John McCain of Arizona, in what was widely viewed as a political move, suspended his presidential campaign and called on Obama to rush back to Washington for a bipartisan meeting at the White House.

We all remember the tech bubble of the late '90s, but companies like Amazon survived. Wherever there's strong, enduring value, it can last through that kind of turmoil.

Let Wall Street have a nightmare and the whole country has to help them back to bed again.

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

Until we stem the housing correction, until the biggest part of that is behind us and we have more stability in housing prices, we're going to continue to have turmoil in the financial markets.

In a crisis, markets always look to see who is the next-worst off and proactively begin shying away from them.

The Pound is sinking, the Peso's failing, the Lira's reeling, and feeling quite appalling.

We must investigate without fear or favour the so-called 'accounting irregularities' that cause turmoil in the markets and wipe billions off the investments of ordinary South Africans.

When a large financial institution is allowed to fail, you put in jeopardy hundreds of thousands, if not millions, of people.

Our actions will be at measured pace given the current market turmoil.

CNBC was completely in the dumper when I went there.

Last year, in the year 2008, it just became normal to watch great American institutions crumble, almost dissolve like sand.