A Quote by Christina Romer

I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do. — © Christina Romer
I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.
Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.
I do not think writers or anybody would sit down and think they must write about some cause, or theme, or something. If they write about their own experiences, something true is going to emerge.
Fannie Mae and Freddie Mac buy mortgages from banks and other lenders, providing those financial institutions with capital to make new loans.
The subprime disaster was a result of financial bombs - derivatives - exploding in financial institutions such as AIG and Lehman Brothers, as well as banks and financial institutions throughout the world.
The sensible thing for everyone to do would be to write all their op-eds and think pieces now so they're ready the day after the election when [Donald] Trump is no longer in the picture. God, I can't wait for that. I hope he just goes away.
I do not think writers ought ever to sit down and think they must write about some cause, or theme, or something. If they write about their own experiences, something true is going to emerge.
To restore confidence in our markets and our financial institutions so they can fuel continued growth and prosperity, we must address the underlying problem. The federal government must implement a program to remove these illiquid assets that are weighing down our financial institutions and threatening our economy.
I write everything down. I e-mail the second I think of something, or I write notes in my BlackBerry calendar. I set up reminder alerts on my phone. And I have a notebook by my bedside so I can write down any last-minute ideas.
I absolutely think that happiness is a choice. One of the most potent forces in human psychology is the power of habit. Do something, think something, often enough and it will become the only thing you can do or think. Choose to be unhappy and soon that’s all you will be. Live in a swamp and you’ll grow webbed feet.
A lot of people who don't write for kids think it's easy, because they think kids aren't as smart as they are, or that you have to dumb down what you would normally write for kids. But I think you have to work harder when you write for kids, to make sure every word is right, that it's there for the right reason.
For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
Some of these biggest financial institutions are out there trading in commodities. They're buying oil tankers. This is not a financial system that has calmed down and is there to serve the American people.
Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014.
I think sometimes I write to impress my influences. Whether they're actually acquaintances of mine, people that I think will hear the record or not, I still write - not to imitate my influences - but to write something that would live up to their standards.
The more I think about our species the more I think we just do stuff and make up explanations later when asked. But it's not true that I would rather write than read. I would rather read than write. To be honest I would rather hang upside down in a bucket than write.
I don't impose political responsibilities on my fiction. The last thing I would ever want to do, for example, is write a novel that would appear to want to tell people what to think about the immigration debate, and I would never write a novel whose sole ambition was to give a "positive" view of immigrants. I'm for open borders, by the way - down with the nation state!
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