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
Sometimes you need a little crisis to get your adrenaline flowing and help you realize your potential.
-
Jeannette Walls
I finally figured out that not every crisis can be managed. As much as we want to keep ourselves safe, we can't protect ourselves from everything. If we want to embrace life, we also have to embrace chaos.
-
Susan Elizabeth Phillips
The Chinese use two brush strokes to write the word 'crisis.' One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger--but recognize the opportunity.
-
John F. Kennedy
...we're told by TV and Reader's Digest that a crisis will trigger massive personal change--and that those big changes will make the pain worthwhile. But from what he could see, big change almost never happens. People simply feel lost. They have no idea what to...
-
Douglas Coupland
Congress shall make no law abridging the freedom of production and trade...
-
Ayn Rand
More Quotes By Andrew Ross Sorkin
The numbers were, at best, guesstimates, and all three men knew it. The relevant figure would ultimately be the one that represented the most they could possibly ask from Congress without raising too many questions. Whatever that sum turned out to be, they knew they...
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...
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...
The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.
I think, with Hank Paulson, the concept of a bailout was anathema to him from day one. He was a Republican; he's a free marketeer. He believes in capitalism, and part of capitalism is believing in failure. And so the idea of bailing out an...
