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.
quote by Timothy Geithner
Submitted by Lucian Velea
Vote! | Copy!
Related quotes
Financial crises require governments.
quote by Timothy Geithner
Submitted by Lucian Velea
Vote! | Copy!
Spending Money
By: jimmy buffett and mac mcanally
(whistling)
Now Im not talking bout excessive greed
The kind that puzzled the scribes and pharisees
I dont worship it like a golden calf
But change in my pocket is always good for a laugh
Seen it brighten up the eyes of a child
It even makes the dalai lama smile
Its no relation to the meaning of life
Its a dang fool husband doesnt spring for his wife
A little spending money
Money to burn
Money that you did not necessarily earn
Rainy days seem to wind up sunny
Long as you got a little spending money
I got no financial conscience
Cant worry where it went
A lasting treasure a moment of pleasure
Worth in every cent
Coin or paper, silver or gold
All denominations nouveaux or old
Cant have a turkey without oyster dressing
Its the root of all evil the sum of your blessings
Dont need no armored car or time-locked vault
Dont need a shaker full, just a few grains of salt
You may get by looking good and being funny
But lifes a little less restrained with a little
Spending money
Money to burn
Money that you did not necessarily earn
Rainy days seem to wind up sunny
Long as you got a little spending money
Long as you got a little spending money
Oh give me some spending money
song performed by by Jimmy Buffett
Submitted by Lucian Velea
Vote! | Copy!
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
quote by Timothy Geithner
Submitted by Lucian Velea
Vote! | Copy!
We cannot wait for governments to do it all. Globalization operates on Internet time. Governments tend to be slow moving by nature, because they have to build political support for every step.
quote by Kofi Annan
Submitted by Lucian Velea
Vote! | Copy!
America Cries
America cries.
Her economy dies.
Killed by people you can't trust.
America cries as we bite the dust.
America cries. Now come the whys.
No one could see it?
You've got to be kidding.
America cries as the Neros were fiddling.
The capitalist system is so out of hand.
The capitalists have taken over our land.
What's left for us?
Not much you see
except more taxes for you and for me.
Lending and spending, spending and lending,
the crying and weeping will be never-ending.
America cries and says its goodbyes
to times of financial prosperity.
The financial sting that's played like a game
stock market crashes?
foreclosures to blame?
No. America you played into the hands.
They've dumbed us down so no one understands.
America cries. Where were the wise?
They left long ago and will not return.
America cries for she refuses to learn.
poem by Edwina Reizer
Submitted by Poetry Lover
Vote! | Copy!
Some studies show that women can be better money managers than men because they tend to be more conservative and do their homework. Men tend to take more risks without the research.
quote by Maria Bartiromo
Submitted by Lucian Velea
Vote! | Copy!
Financial crises play the role of producing more money up, and fear and despair, down!
aphorism by Octav Bibere
Submitted by Kitzy Bush
Vote! | Copy!
Credit crunch!
I hear no sound of joy or laughter
As the markets crash like thunder
Take a look at the whole financial bunch
Many made money on just a keypunch
Banks which once stood brave
Are now begging to be saved
With Governments pumping billions into banks
Because many claim to have empty money tanks
People’s savings are wiped off the record
Sit home! Sit home! Calculate what you can afford
For fast is this growing curse flowing
As the financial chaos wind keeps blowing
On each lip only two words are spoken
Credit-Crunch!
Behold the whole Financial Market is broken!
Copyright 2008 - Sylvia Chidi
poem by Sylvia Chidi
Submitted by Poetry Lover
Vote! | Copy!
Love fed the ego.
Attention crises, identity crises,
Acceptance crises, recognition crises,
Response crises all are at naught
When you earn the glance of a woman.
The lust is the ocean that bathes the ego.
To win a woman is
More than to win a battle.
06.06.2002, pakd
poem by Rm. Shanmugam Chettiar
Submitted by Poetry Lover
Vote! | Copy!
We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.
quote by Larry Summers
Submitted by Lucian Velea
Vote! | Copy!
With That Money Speaks All Languages
With that money speaks all languages one must agree
On that one you will not have an argument from me
But money cannot guarantee you a longer life span
And that applies to every woman and to every man,
Like the poor homeless one the billionaire has to die
And the monarch and president are mortals just like you and i
And since none of the hereafter have come back to tell
Why pray for life in heaven or fear life in hell?
I would like to own a million in money or having said that two
For having that much money so much one could do
To help out those i know out of their financial mess
Their sad lack of money is causing them stress
For money speaks every language and it seems sad to say
That the gap between the haves and the have nots is widening today.
poem by Francis Duggan
Submitted by Poetry Lover
Vote! | Copy!
Trade-cycle
In a competitive market
National economy rolls like a wheel
In economics it is called trade-cycle
From economic recovery to boom
To slump to recovery to boom
Is a common phenomenon
In a competitive market
The boom does not last long
Because
The demand for products and services
Is limited in all countries
That’s why
The governments have a vital role to play
Especially during boom
The governments should monitor
And control industrial development
As much as possible
With a view to reduce labor cut
During slump
And they should hinder
Harmful investment
For the economy
During boom
Moreover
They should provide guidelines
For the entrepreneurs
During recovery
So that suitable investments
For the economy take place
In this way
A country can achieve its goal
Without going through
Economic hard times
poem by Asif Andalib
Submitted by Poetry Lover
Vote! | Copy!
Economy does not lie in sparing money, but in spending it wisely.
quote by Thomas Huxley
Submitted by Lucian Velea
Vote! | Copy!
Studies indicate that most of young adults struggle to grasp even the most basic financial principles that will allow them to manage money and prepare for their future.
In this financial year we will be spending at least $1.5 billion on foreign aid and we cannot be sure that this money will be properly spent, as corruption and mismanagement in many of the recipient countries are legend.
quote by Pauline Hanson
Submitted by Lucian Velea
Vote! | Copy!
Final Cry
Forging a difference
We summon existence
This distance is not what it seems
Painstaking process
It pulls at our instincts
We're living outside of our means
So long, I've hoped
To be strong
Down-sloped
[pre-chorus]
And the damage will commence
The beginning of the end
And the damage will commence
[chorus]
All these occurances bring me to life
All that I've sacrificed makes it seem right
Don't underestimate how hard I'll try
This is our final cry
Placing a marker on what I must offer
It's slowly becoming unfair
Will I recover from being pulled under
I'm desperate and gasping for air
So long, I've hoped
To be strong
Down-sloped
This is not anything that came from me
You have embedded it within my seed
All of my memories are blending in
Now the real damage will begin
[pre-chorus]
[chorus]
This is our final cry [repeat]
It's the beginning of the end
[chorus]
This is our final cry [repeat]
song performed by by Flaw
Submitted by Lucian Velea
Vote! | Copy!
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.
quote by Timothy Geithner
Submitted by Lucian Velea
Vote! | Copy!
This is a basic requirement the meaning of globalization is that we should admit that the economy of each country is dependent on the economy of all the others.
quote by Richard Grasso
Submitted by Lucian Velea
Vote! | Copy!
Money! !
Oh money!
Money, money, money! !
That day, oh money;
For how long should i wait for you to visit me?
Money rules and money is for power,
And the lack of money had made many to fall;
But the dead know nothing about you again.
Many have fallen due to the lack of money,
But my love is for the fish of the sea!
And to examine and observe the birds of the air;
But i am still waiting for my freedom on this earth.
My mind is with an idea and i want to express myself,
But to a world full of wars and less peace;
So what can i do without you oh money? !
The world is cast off and it is defiled,
And with dead men walking around us always to share with us;
But for how long should i wait for you oh money? ! !
Oh money, wher are you?
Where is your dwelling place so that i can visit you?
For i have to observe and examine you well when i do find you.
poem by Edward Kofi Louis
Submitted by Poetry Lover
Vote! | Copy!
Crises - financial or health - are just simple ways of governing for the mainstream suckers.
quote by Octav Bibere
Submitted by Kitsy Bush
Vote! | Copy!