A Quote by Mark Ravenhill
The financial crisis happened because no-one could actually say out loud how bad things were.
Related Quotes
It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.
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.
How I was raised was, there were no rules - nothing like that. If I wanted to take a drug because I was in school and everybody was doing it, I could go to my parents and say, "I really want to try this." And they'd say, "If you do this, O.K., but this is what can happen to you..." They'd say, "Don't get it in the streets, because it could be really bad and make you freak out. Don't take it in a crowded place, because you'll panic."
When I think of the things that I want to write, I can never say them out loud because I know how crazy they sound. I know what things sound like when you haven't actually worked on the script, so I don't go around saying some of these ideas because they just sound awful.
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.
I felt I could still make a contribution with ideas. I didn't know how, and it has taken me some time to work that out. There were things that mattered to me about the future of the country: inequality, what the post-financial crisis settlement would be. I still felt strongly about all that.
We've all, you know, done things that we think at the time were bad, but actually, in hindsight, you look back and go, 'I'm really grateful that happened because I'm a stronger person.'
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.
I can't help but think what would have happened if a divisive character such as Trump were president during the 2008 financial crisis, at a time when leadership, compromise, and careful analysis were critical.
There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis.
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.
You can’t say ‘if this didn’t happen then that would have happened’ because you don’t know everything that might have happened. You might think something’d be good, but for all you know it could have turned out horrible. You can’t say ‘If only I’d…’ because you could be wishing for anything. The point is, you’ll never know. You’ve gone past. So there’s no use thinking about it.
Performance is really an important part of how I edit. I sometimes take something out because I realize I put in a joke just to be funny and the audience laughed, but I should be ashamed of myself. I sometimes take out sentences, which are perfectly fine on paper, just because they don't flow when I say them out loud. I always read my work out loud now.
If I were black, I could say I'm proud. If I were Asian, I could say I'm proud. If I were any other ethnicity, I could say I'm proud, because that's how our culture is, but if I'm white and I say I'm proud, the media will go nuts.
I had to feign interest in all this nonsense until I could ask when I could come over and sit on his face. I didn't say that out loud, of course. I never say the things I really want to. If I did, I'd have no friends.
People say I play real loud. I don't, actually. I'm recorded loud and a lot of that is because we have good engineers. Mick knows what a good drum sound is as well, so that's part of the illusion really. I can't play loud.
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