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.
Timothy GeithnerRelated topics
bear credit equity failure home less lower sudden functioning unpredictableRelated quotes
I get 0.5 seconds to react to a ball, sometimes even less than that. I can't be thinking of what XYZ has said about me. I need to surrender myself to my natural instincts. My subconscious mind knows exactly what to do. It is trained to react. At home, my family doesn't discuss media coverage.
Sachin Tendulkar
We need financial regulation that allows businesses and the banks they use to have access to the tools that help keep prices of consumer goods - like groceries and home heating oil - steady, while ensuring that the taxpayers are never again on the hook for the types of wild bets that helped crash the economy in 2008.
Jim Himes
Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.
John James Cowperthwaite