Meltdown Quotes
Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones.
It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.
George Soros
The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.
Nouriel Roubini
Radiation doesn't recognize borders. A meltdown in Japan or India, say, is a danger to the whole world. Wind circulates the radiation everywhere. Water quality is affected. We all eat the same fish. We use products from all over the world - if something is contaminated, it will cause harm.
Wladimir Klitschko
We did stop the meltdown. We avoided what would have been, I think, a collapse of the global financial system. That was obviously a good thing. But one thing that I was always sure of and the Federal Reserve was always sure of was that a collapse of some of these big financial firms was going to have very serious collateral consequences. There were people arguing even as late as September 2008, "Well, why don't you just let the firms collapse? There is a system that can take care of it: bankruptcy. Why don't you let them fail?” We never thought that was a good option. Particularly, if the whole system had collapsed, we would have had extraordinarily serious consequences.
Ben Bernanke
Normal people have an incredible lack of empathy. They have good emotional empathy, but they don't have much empathy for the autistic kid who is screaming at the baseball game because he can't stand the sensory overload. Or the autistic kid having a meltdown in the school cafeteria because there's too much stimulation.
Temple Grandin
Since 2001, people have been scared. There's been some really scary stuff that's been happening - 9/11, Iraq, Afghanistan, Katrina, anthrax letters, D.C. sniper, global warming, global financial meltdown, bird flu, swine flu, SARS. I think people really feel like the system's breaking down.
Max Brooks
Cynthia: Of all the times to come out to your family, I had to do it right before the last presidential debate. Damn that John Kerry!
Ginger: Cynthia, I'm sorry your parents are having a meltdown, but it's hardly John Kerry's fault.
Cynthia: When he called Mary Cheney a lesbian, I felt like I had been drop-kicked.
Ginger: Well, Mary Cheney is a lesbian, and you're a political football.
Alison Bechdel
The stand of the "realist" school, and its objections to further or faster involvement in the Libya crisis, can be fairly summarized...The actual evidence, however, is that Qaddafi senior has reached his Ceausescu moment: a full-dress (in the literal sense) meltdown into paranoia, megalomania, and delusion. His recent speeches and appearances have shown him stinking with madness and hysteria. His age and condition, at any rate, set a very sharp limit to the duration of his regime. If that regime implodes while he is still "in place," then all the grim consequences foreseen by the realists will be incurred in any case. Weapons will get into the wrong hands; divide-and-rule tactics (already a stock in trade) will intensify; religious and tribal passions will be deliberately inflamed. The main difference will be that we merely watched this happen.
Christopher Hitchens
When Blackwater killed those 17 Iraqi civilians in Baghdad, they called Burson-Marsteller. When there was a nuclear meltdown at Three-Mile Island, Babcock and Wilcox, who built that plant, called Burson-Marsteller. The Bhopal chemical disaster that killed thousands of people in India, Union Carbide called Burson-Marsteller. Romanian dictator, Nicolae Ceausescu - Burson-Marsteller. The government of Saudi Arabia, three days after 9/11 - Burson-Marsteller.
Rachel Maddow
The 2008 financial meltdown is the result of under-regulated markets built on an ideology of free market capitalism and unlimited economic growth. The fundamental problem is that the underlying assumptions of this ideology are not consistent with what we now know about the real state of the world. The financial world is, in essence, a set of markers for goods, services, and risks in the real world and when those markers are allowed to deviate too far from reality, "adjustments” must ultimately follow and crisis and panic can ensue. To solve this and future financial crisis requires that we reconnect the markers with reality. What are our real assets and how valuable are they? To do this requires both a new vision of what the economy is and what it is for, proper and comprehensive accounting of real assets, and new institutions that use the market in its proper role of servant rather than master.
Robert Costanza
I didn't use the music from the scene in which Godzilla dies in GODZILLA - KING OF THE MONSTERS for the one in which he does actually meltdown because Godzilla was not what I was trying to focus on this time. Instead, I tried to focus on the dark side of humanity, which lead to the creation of atomic weapons, and Godzilla.
Akira Ifukube
Hurtling the Pentagon into an unprecedented budgetary meltdown is horrifically irresponsible. Obama doesn't care. This is war - not against the Taliban, but war against the GOP. He has Republicans on the ropes, and that's a victory he savors and desires - unlike Afghanistan, where he seems only to want to turn tail.
John Podhoretz
So, for example, a country was into recession right after I was sworn in, a dot-com bust had taken place. Then the attacks of September the 11th, and then of course the great financial meltdown in the - the fundamental question facing any presidency is how do you deal with the hand you're dealt?
George W. Bush