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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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"There are no new inventions, only new discoveries."
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Personal Development
"The only gift to yourself is your ability to seek knowledge."
Author Name
Personal Development
"Ignorance is the darkest depths."
Author Name
Personal Development
"Curiosity is a daring faith."
Author Name
Personal Development
"Knowledge' may be there but 'correctness' is required along with it. If you have 'knowledge' but don't have the 'correctness'; you will go to moksha, but others will not gain any benefit!"
Author Name
Personal Development
"Clearly one must read every good book at least once every ten years."
Author Name
Personal Development
"Every book has to wait for the right time to be read and understood."
Author Name
Personal Development
"Devote yourself to reading of Scriptures."
Author Name
Personal Development
"There is only a perspective seeing, only a perspective "knowing"; and the more affects we allow to speak about one thing, the more eyes, different eyes, we can use to observe one thing, the more complete will our "concept" of this thing, our "objectivity," be."
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Personal Development
"Reading the timeless stories strengthen my spirit in times of suffering."
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Personal Development
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"The government can help, but we need to make this transition now to a recovery led by private investment, private."
Government
"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
"I personally believe that there's going to be a good case for the government preserving some type of guarantee to make sure that people have the ability to borrow to finance a house even in a very damaging recession. I think there's going to be a good case for that."
Finance
"The choice is between which mistake is easier to correct: underdoing it or overdoing it."
Mistake
"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."
Home
"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
"Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through."
Finance
"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
"And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these additional support for the unemployed as well as the support for small business. We think there's a good case for doing it now. We want to do it in an overall fiscally responsible way."
Finance
"As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past."
Policy
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