A Quote by Bill Gates
I'm quite worried about the fiscal imbalances that we've got and what that might mean in terms of financial crisis ahead.
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In terms of dangers, such as viruses, fraud or identity theft, I don't think we were thinking about that at all when we got started. If we had been worried about that, the net might have been better today, but we might not have even got there.
There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.
This goes back to the main challenge we are facing, because Europe at the moment is not competitive. We have many imbalances and my big worry is that we will slow down in Europe in terms of fiscal consolidations and reforms, whilst we have to step up.
Veterans are driven by the same frustrations that the public has with what is happening in Washington... the fiscal irresponsibility and the financial crisis that our country is facing.
In a financial crisis, only the Fed, as the lender of last resort, might stand between our economy and financial catastrophe. We must leave the Fed with the flexibility to provide liquidity in order to stop a financial panic.
The financial crisis of 2008 created a seismic shift in the dynamics of trust in financial services. FinTech would have happened without the global financial crisis - but it would have taken much longer.
It's just very hard to teach a class of students about what has happened in the Global Financial Crisis, how we ended up there and how we got to where we are today, without having some basic, non-trivial understanding of the financial sector, credit, and the banking system.
The financial crisis was a classic case of the political class failing the American people. Twenty-five agencies were supposed to be minding the store during the financial crisis and every one of them was asleep at the switch.
Our debt is out of control. What was a fiscal challenge is now a fiscal crisis. We cannot deny it; instead we must, as Americans, confront it responsibly. And that is exactly what Republicans pledge to do.
We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial crisis? Automated trading programmes!
To borrow a phrase from my friend Erskine Bowles on the Fiscal Commission, we are the healthiest looking horse in the glue factory. That means America is still a step ahead of the European nations who are confronting a debt crisis, of Japan that's in its second lost decade.
I think 'austerity' is a much abused word. I prefer to call it 'fiscal discipline' or financial, 'financial competency.'
I think that will only really change when the human races begins to suffer some of the extremely severe consequences of climate change which may be some decades ahead. They will then realise, as we have with the financial crisis, that we are up against the wall and hitting the buffers and we have got to change.
You can't look back at the worst financial crisis of our lifetimes that started in 2008 and not have some important lessons about the critical nature of oversights in financial markets and institutions.
The problem with the focus on speculators, as was demonstrated during the financial crisis, is that it tends to divert attention from the real villains. During the financial crisis, the villains were the actions of the banks, not the speculators betting on bank share prices.
Maybe we need more dialogue in terms of our faith, in terms of those who are believers, or even nonbelievers, about that aspect, and what that might mean if you were interpreting. You don't have to believe it; maybe you could draw a metaphor from it.
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