Top 462 Failure Quotes

I think that Obama's failure to reestablish the rule of law in money matters is the most damaging thing that he's done - and perhaps the most damaging thing that has happened in American politics in my lifetime. Because once the rule of law is absent in money matters, then anything really goes in politics.

We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households.

And obviously, with hindsight now, now knowing what went on in the company, it would have been absolutely appropriate back then for us to have the chief executive of the company, most senior person in the United Kingdom, come and answer for the policy they were pursuing. And we ducked that, and frankly that's a failure of Parliament.