A Quote by Matt Taibbi

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.

Matt Taibbi

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Absolutely Around Because Being Compass Could Crisis Earned Financial Financial Crisis Had Happened Industry Paid Point Rating Ratings Revolves Safe Say Something Stopped Stretch Turned Whole

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Matt Taibbi
American - Author
Born: March 2, 1970

I don't think the AAA is an end in itself; we will maintain prudent financial management with or without the AAA.

Jay Weatherill

Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.

Mark Zandi

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.

Taavet Hinrikus

The financial crisis happened because no-one could actually say out loud how bad things were.

Mark Ravenhill

My low point was after being reorganized out of running Merrill Lynch. That dismissal deeply contradicted my sense of fairness, since, at the time, my team and I had done what we were brought in to do: We had turned Merrill Lynch around from the depths of the financial crisis.

Sallie Krawcheck

Michigan is also the only industrial state that has a AAA credit rating.

John Engler

Junk bonds prove there's nothing magical in a Aaa bond rating.

Merton Miller

The oil corporations spend a lot of money to get, say, the tar sands pipeline through, but nobody's - you know, there are definitely environmentalists being paid - but a lot of people are acting for something other than financial compensation. So if the tar sands pipeline doesn't get made, it's because a huge amount of people are doing something that doesn't involve remuneration, money, etc., because we're not actually the self-interested financial instruments that economists like to imagine we are.

Rebecca Solnit

Politics thrives on simple, clean messages, something that played to Obama's advantage in 2008. Stagnant unemployment and the loss of America's AAA rating are as simple and tough as they come. This is the economy on Obama's watch, and there's no one left to blame.

John Sununu

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.

Thomas Pogge

She [Carolyn Maloney] knows the financial issues, that's why we thought she was perfect because we're in a - we're in, as you know, a financial crisis, an economic crisis, and I know that she'll see the whole picture.

Eleanor Smeal

Minnesotans lost their jobs because the credit rating agencies didn't do the only job they're supposed to have, the only job they had, which is to give accurate, objective ratings to financial products.

Al Franken

The once-unthinkable loss of the AAA rating will constitute a further hit to already fragile business and consumer confidence.

Mohamed El-Erian

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.

Terry Pratchett

I believe that the financial crisis of 2008/9 exposed more a lack of ethics and morality - especially by the financial sector - rather than a problem of regulation or criminality. There were, of course, regulatory lessons to be learned, but at heart, there was a collective loss of our moral compass.

Paul Polman

It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident.

Charles Ferguson

A Quote by Matt Taibbi

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