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"This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk."
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"The absence of specific knowledge about success is the reason why your journey along the path to success has been halted."
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Personal Development

"When your knowlege increases over time, yearn to learn to dance in your mind."
Author Name
Personal Development

"Read,not to believe, contradict or complement, but to understand."
Author Name
Personal Development

"Know the history of the great ancestors."
Author Name
Personal Development

"Desire to seek, desire to learn."
Author Name
Personal Development

"If we read the Gospel, we shall know the goodness of the Good News."
Author Name
Personal Development

"Seek knowledge from the Great Spirit."
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Personal Development

"There is nothing better in life than commitment to personal development and lifelong learning."
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Personal Development

"Specific knowledge is needed in every work, if we want to have success."
Author Name
Personal Development

"There is no science without spirituality, spirituality has no meaning without science."
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Personal Development
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"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."
Finance

"Monetary policy itself cannot sensibly be directed at reducing imbalances."
Policy

"Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system."
Finance

"Most consequential choices involve shades of gray, and some fog is often useful in getting things done."
Choice

"I think we're not going to preserve Fannie and Freddie in anything like their current form. We're going to have to bring fundamental change to that market."
Change

"This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk."
Knowledge

"The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will be calm or exciting."
End

"The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy."
Quality

"There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy."
Money

"The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move."
Policy
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