"The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis."
Andrew Ross SorkinTiny Panda Quotes
Quotes by Andrew Ross Sorkin
Andrew Ross Sorkin, born on February 19, 1977, is a distinguished American journalist, author, and television personality known for his incisive analysis of finance and business. As the founder and editor of the financial news website DealBook, Sorkin has shaped the conversation around economic crises and corporate ethics. He gained prominence with his acclaimed book, "Too Big to Fail," which offers a gripping account of the 2008 financial meltdown. His work continues to influence public understanding of the intricate relationship between economics and society, solidifying his legacy as a major voice in contemporary journalism.
3 quotes found
"Several companies have explicit policies against cronyism, with good reason. Hiring a family member simply for a relationship can be troubling and may not necessarily serve a company's interests. But by and large, financial firms in particular commonly hire people who have certain connections, whether through family or a business relationship."
Andrew Ross Sorkin"Under the Foreign Corrupt Practices Act, a company is not allowed to provide a personal benefit to a decision maker in return for business. But hiring the sons and daughters of powerful executives and politicians is hardly just the province of banks doing business in China: it has been a time-tested practice here in the United States."
Andrew Ross Sorkin