The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.
What does this quote mean?
This quote can be used as a reminder to reflect, share encouragement, or express a thoughtful idea. Create a quote image or explore related quotes below.
Best used for
- Instagram captions
- Pinterest quote pins
- Personal reflection
- Speeches
- Greeting cards
Caption suggestions
Instagram caption
"The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007." — James Surowiecki #moneywealth
Pinterest title
The financial crisis of 2008 was not caused by investment banks betting against the housing ma…
Pinterest description
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007. — James Surowiecki
About James Surowiecki
James Surowiecki was a Journalist from United States (1967–present).
Frequently Asked Questions
Who said "The financial crisis of 2008 was not caused by investment banks betting against…"?
This quote is attributed to James Surowiecki, a Journalist from United States.
When did James Surowiecki live?
James Surowiecki lived from 1967 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.