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The fact that it wasn't tells me that we've got a much more fundamental problem of understanding what went wrong, and we've got to figure out what was there. And that's what I call fundamental fault analysis.

This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk.

Then the war became a real problem and along with other shortages, they started to have paper problems.

There's not a blueprint for me to follow.

What we know about the global financial crisis is that we don't know very much.

Investing in auto companies and ensuring a financial collapse didn't lead not from a recession to a great depression may not have been the most popular thing to do, but it was the right thing to do.

There wasn't so many ISSUES like there are today. It was a simpler time.

Believe me, as one who has seen a number of international crises firsthand, they cannot be handled without an understanding of history.

The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy.

I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in financial history.