A Quote by Ed Royce
Let us not forget, the financial crisis had its roots in the decision by Congress to embark on a course of social justice to get everyone that wanted a home into one, regardless of whether or not they could afford it.
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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.
Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?
That was the first major social sciences conference at which social scientists from all cultures wanted to reach a consensus on whether we can continue to pursue a national course in the social sciences or whether we need a cosmopolitan path that also connects us in a new way.
We are faced with having to learn again about interdependency and the need for rootedness after several centuries of having systematically-and proudly-dismantled our roots, ties, and traditions. We had grown so tall we thought we could afford to cut the roots that held us down, only to discover that the tallest trees need the most elaborate roots of all.
Everyone has a telephone. Whether they can afford it or not. It's one of those things that people have, regardless of their income.
My mother had to make an unconventional decision. We had to run away from home. She made a really difficult decision to leave financial stability behind and undertake raising two girls on her own.
I can't think of any decision where the entire Congress immediately rushes to condemn a decision by the court. It's getting to be election time and this gives everyone in Congress a chance to prove they are patriotic.
The Americans made the decision out of principle to buy Russian equipment for us because our pilots and mechanics were trained on Russian aircraft. But, then, as a result of the Ukraine crisis, the US Congress imposed sanctions on Russia and the equipment could no longer be delivered to us. I am proud of our security and defense forces.
One of the very difficult parts of the decision I made on the financial crisis was to use hardworking people's money to help prevent there to be a crisis.
Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.
The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.
I ran for Congress not because I was having a mid-life crisis. I left the private sector because I saw a looming financial crisis that was coming to this country. It's unsustainable.
If the Asian financial crisis had the impact of accelerating China's rise, the transatlantic financial crisis has had the effect of accelerating Germany's rise.
I always wanted to make 'Freedom,' but I had to drop the idea due to financial crisis.
The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision.
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.
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