A Quote by Steve Bannon
I think the bailouts in 2008 were wrong.
Related Quotes
I think the bailouts in 2008 were wrong. And I think, you look in hindsight, it was a lot of misinformation that was presented about the bailouts of the banks in the West.
During the financial crisis and bailouts of 2008, it probably occurred to very few average people that we were entering a period of hardship for billionaires.
If you think about those bailouts that happened in 2008, that was a situation in which the government gave, at our expense, enormous sums of money to some of the richest people who have ever existed on Earth.
I think Ben Bernanke and Tim Geithner shared the view that they shouldn't be in the business of bailouts, but you know, you're not in the business of bailouts until you frankly think you need to be.
Look at the experience of 2008. Who are the countries who negotiated the storms of 2008 best? They were the countries which were able to sit business with labor at the table, with government, and work out a way of getting through the storm. And I don't think that is a controversial statement.
It's not often one gets the chance to write this but, when it comes to the bailouts, especially the euro bailouts, Marxists are right. Working people are being forced to support a privileged few.
I got plenty of guesses wrong on things in the past as well. I don't want to pretend I have some great insight... But when the global financial crisis came along in 2008 it was scary times if you were in the middle of building $5 billion buildings. It wasn't perfect... I think that I am the luckiest person in Australia.
I grew up Presbyterian. Presbyterians thought the Methodists were wrong. Catholics thought all Protestants were wrong. The Jews thought the Christians were wrong. So, what I'm financing is humility. I want people to realize that you shouldn't think you know it all.
The fact that I am as lean as I was in 2008, I'm stronger than I was in 2008 I think I have the potential to be as fast as I was.
I am very confident that in 2008, people's votes will count. I don't think they did in 2004. I think in 2008, they will.
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.
I was born with the wrong sign
In the wrong house
With the wrong ascendancy
I took the wrong road
That led to
The wrong tendencies
I was in the wrong place
At the wrong time
For the wrong reason
And the wrong rhyme
On the wrong day
Of the wrong week
Used the wrong method
With the wrong technique
Wrong
Wrong.
Shakespeare had found language for the agony of living with one's own mistakes. There were words for finding yourself isolated with your failures. Phrases for discovering that you were wrong, all, all wrong, wrong, wrong.
We have the idea of saying that put limitations on bailouts, so that the bailouts don't occur in the future, so that we don't have to do the - look to see AIG situations or Bear Stearns situations or the Fannie Mae or Freddie Mac, which is probably going to be more money spent on those two institutions than the Congress spent on the TARP program.
I've been working in Haiti 28 years - I thought I'd sort of seen it... I've gone through a number of coups, the storms of 2008, I thought, you know, that I'd seen things as bad as they were going to get, and I was wrong.
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.
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