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— Michael Hudson"No price is too high to pay to try to make the financial system go on a little bit longer. But ultimately it can't be saved, because of the mathematics that are involved."
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Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.
— Timothy Geithner
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We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.
— Ben Bernanke
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