The issue of economics is not something I’ve understood as well as I should. I’ve got Greenspan’s book.... I've never been involved in Wall Street, I've never been involved in the financial stuff, the financial workings of the country, so I'd like to have somebody intimately familiar with it.
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Referring to a potential Vice President, December 18, 2007John McCain
You know that there’s been tremendous turmoil in our financial markets and Wall Street. And it is – it’s – people are frightened by these events. Our economy, I think, still, the fundamentals are – of our economy are strong, but these are very, very difficult times. And I promise you, we will never put America in this position again. We will clean up Wall Street. We will reform government.
John McCain
Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones.
It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.George Soros
CNBC sells itself as financial experts. And they have the access to the CEOs. And yet, they didn't catch any of this. And here they are blaming people who don't have the financial expertise and saying that they're part of the problem. [...] It seems like the banks and those that cheerlead them turned an arithmetic problem into a geometric one. They took a linear debt issue and by turning it into derivatives and securities and all that, now it's a gigantic problem. So, shouldn't we yell at them?
Jon Stewart
The people of the United States suffer from periodical financial panics to a degree substantially unknown to the other nations, which approach us in financial strength. There is no reason why we should suffer what they escape. It is of profound importance that our financial system should be promptly investigated, and so thoroughly and effectively revised as to make it certain that hereafter our currency will no longer fail at critical times to meet our needs.
Theodore Roosevelt
I wish it might be more generally and universally understood what the country is now engaged in. We have, as all will agree, a free Government, where every man has a right to be equal with every other man. In this great struggle, this form of Government and every form of human right is endangered if our enemies succeed. There is more involved in this contest than is realized by every one. There is involved in this struggle the question whether your children and my children shall enjoy the privileges we have enjoyed.
Abraham Lincoln
McCain, John
McCain, Meghan
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