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 don't think there's a more battle-hardened veteran anywhere than Larry Summers.”

“In this age, if the currency of a major nation collapses, or its access to borrowing ends, it just can't function.”

“The Fed is the major U.S. firefighter. It's not the Treasury. It's not the Congress. We certainly saw that vividly in 2008.”

“When Xi Jinping came to power, there were a series of hints that market-based capitalism would be allowed to move forward under his leadership. At the first real threat, they've fallen over themselves to impose government control.”

“The financial and economic crash of 2008, the worst in over 75 years, is a major geopolitical setback for the United States and Europe.”

“In September 2008, the overleveraged and undermanaged U.S. banking system suffered a terrifying collapse. And that, in turn, nearly took the whole country down.”