A Quote by Roger Altman

Within a few months in 2008, household finances were crushed as asset values fell, millions of jobs were lost, countless credit cards were canceled, and thousands of homes were foreclosed on.
I was brought up by a Victorian Grandmother. We were taught to work jolly hard. We were taught to prove yourself; we were taught self reliance; we were taught to live within our income. You were taught that cleanliness is next to Godliness. You were taught self respect. You were taught always to give a hand to your neighbour. You were taught tremendous pride in your country. All of these things are Victorian values. They are also perennial values. You don't hear so much about these things these days, but they were good values and they led to tremendous improvements in the standard of living.
In 2010 there were a lot of folks who were still out of work. There were a lot of folks who had lost their homes or saw their home values plummet, their 401k's plummet.
Thatcherite economic policy was most acutely felt in the coal industry, where tens of thousands of jobs were lost as pits were shut down.
In October 2008, when the credit crunch hit, small businesses were really crushed by the lack of capital.
Pawn shops have been around for thousands of years - they were the number one form of consumer credit up until the 1950s, but we were vilified by Hollywood. We were easy people to vilify.
Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0% balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.
They were the darkest of times, the years following the crash of the stock market in 1929. Thousands of people across the United States were cast out of their Jobs, off their farms, out of their homes and apartments, and into the crushing depths of poverty.
I teach MBAs. And I noticed, starting a few years after China joined the World Trade Organization, that a lot of my students were no longer employed. They were still coming to get their MBA, but they'd lost their jobs. And I started to ask questions why. And, at that point, all roads were leading to Beijing.
Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.
What a terrible thing could be freedom. Trees were free when they were uprooted by the wind; ships were free when they were torn from their moorings; men were free when they were cast out of their homes—free to starve, free to perish of cold and hunger.
In our house we repeated the pattern of thousands of other homes. There were a few books and a lot of music. Our food and our furniture were no different from our neighbors'.
We had a very good situation in 2005. The common budget had a volume of 80 billion dollars per year. Thousands of jobs were created in Germany by Russian investments. At the same time, a large number of German companies invested in Russia. There were countless cultural and social contacts.
Let the tears which fell, and the broken words which were exchanged in the long close embrace between the orphans, be sacred. A father, sister, and mother, were gained, and lost, in that one moment. Joy and grief were mingled in the cup; but there were no bitter tears: for even grief arose so softened, and clothed in such sweet and tender recollections, that it became a solemn pleasure, and lost all character of pain.
Strict honesty was the policy of most of them; although there were a few who were said to 'find anything before 'tis lost' and to whom findings were keepings.
If you look back in history, as the barbarians were invading the gates of Rome, people were consulting fortunetellers and worrying about the end of the world and all sorts of other apocalyptic notions. When the tsars were finally overthrown, they were all reading tarot cards even as the revolutionaries were banging at the gates.
My parents emigrated from Poland in 1924 with my brother, who was a few months old. They were from a simple family of Polish Jews. They were looking, I suppose, for a better economic life and were escaping from an anti-Semitic environment.
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