A Quote by George Soros

This crisis has the potential to be a lot worse than Lehman Brothers.

George Soros

Quote Topics

Brothers Crisis Lehman Brothers Lot Potential Than Worse

Quote Author

George Soros
Hungarian - Businessman
Born: August 12, 1930

I often say to entrepreneurs, 'If Lehman Brothers were Lehman Brothers & Sisters, it wouldn't have gone into bankruptcy.'

Shinzo Abe

When I left my job at Lehman Brothers to start a company, my best friend's mother said, 'How could you leave a sure thing like Lehman to do a silly carpool startup?' That was three months before Lehman went bankrupt.

John Zimmer

In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing out Lehman were bad, the politics of bailing out A.I.G. would have been worse. And the systemic risk that a failure of A.I.G. posed was orders of magnitude greater than Lehman's collapse.

Andrew Ross Sorkin

The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.

Ben Bernanke

If Lehman Brothers had been a bit more Lehman Sisters ... we would not have had the degree of tragedy that we had as a result of what happened.

Christine Lagarde

Created by Congress as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB was a direct response to the financial crisis and ensuing Great Recession that began with the subprime mortgage debacle and the unraveling of Lehman Brothers investment bank.

Joe Sestak

No one suggested Lehman deserved to be saved. But the argument has been made that the crisis might have been less severe if it had been saved, because Lehman's failure created remarkable uncertainty in the market as investors became confused about the role of the government and whether it was picking winners and losers.

Andrew Ross Sorkin

A Fed loan to Lehman Brothers would not have prevented a bankruptcy.

Henry Paulson

Now we are intimately locked together. You get swine flu in Mexico; it’s a problem for Charles de Gaulle Airport 24 hours later. Lehman Brothers goes down; the whole lot collapses. There are fires in the steppes of Russia; food riots in Africa.

Paddy Ashdown

In 2008, when Lehman Brothers collapsed, we anticipated that Europe was going to have a very different bailout scheme than the U.S. because of their different political systems and different relationships between the central banks and the fiscal authorities.

Lou Jiwei

I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.

Henry Paulson

I wasn't on the board of Lehman Brothers. I was a banker, and I was proud of it and I traveled the country and learned how people make jobs.

Sean Hannity

Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith Barney... all these firms disappear, and the Street just rolls on.

James P. Gorman

We cannot allow the bankruptcy of a euro member state like Greece to turn into a second Lehman Brothers.

Wolfgang Schauble

There are worse things than having behaved foolishly in public. There are worse things than these miniature betrayals, committed or endured or suspected; there are worse things than not being able to sleep for thinking about them. It is 5 a.m. All the worse things come stalking in and stand icily about the bed looking worse and worse and worse.