Here are just a few of the memorable quotes to emerge from the credit crisis:

If you would like to contribute please send us your own selection in the comments box below, with a link to where you found the quotes.

PRAISE FROM THIS YEAR’S NOBEL ECONOMIC PRIZE WINNER

“The British government went straight to the heart of the problem and moved to address it with stunning speed. Has Gordon Brown saved the world financial system?” – Paul Krugman.

IT TAKES A CRISIS

“Sometimes it does take a crisis for people to agree that what is obvious and should have been done years ago can no longer be postponed”  — Gordon Brown speaking at a Reuters Newsmaker event after announcing the government would put 37 billion pounds of new capital into High Street banks.

LEADERSHIP AT LAST

“I would expect the market will turn around because people have been looking for some leadership and they are finally getting it” - Financier George Soros on the bank rescue package.

LOCAL COUNCILS

“There is no evidence of recklessness by local authorites,” - statement by the British government and the Local Government Association after it was revealed councils had invested some 840 million pounds with Icelandic banks.

PULLING THE CART ALONG

“They’re doing what they can. But it’s like a donkey in the field: you give it lots of carrots but it doesn’t mean it will pull the cart along,” said the head of the rates trading desk at a large bank in London after money markets ignored central bank coordinated rate cuts last Wednesday.

A NEW ERA

“We have now entered a new era for global banking. In return for taxpayers’ money, the state will gain a level of control over their governance, pay, and lending practices,” said Paul Niven, head of asset allocation at fund manager F&C, after Chancellor Alistair Darling first announced a 50 billion pound rescue package for British banks.

NO TIME FOR MORAL HAZARD

“Moral hazard is a concept that nobody can afford when markets are going down at this rate,” Emanuelle Ravano, managing director at Pimco Europe, the world’s biggest fixed income asset investors, said after last week’s co-ordinated rate cuts.

CAPITULATION SELLING

“This strikes me as raw fear, ” said Michael Farr, president of Farr, Miller & Washington after the Dow plunged last Thursday as investors fretted about a global recession. “This strikes me as capitulation selling. You have to clear the sell orders.”

TOO MUCH INFORMATION?

“Investing has become a spectator sport and the daily amount of commentary is unsettling investors, ” said Thomas Russo, partner at Gardner Russo Gardner. “It’s a self-feeding frenzy — you go to sleep and hear Japan is down, you wake up and hear Europe is down then you come in to work and markets here are down. It will go on until values are compelling.”

SHOCK AND AWE

“I guess it’s a shock and awe type move with respect to easing liquidity and improving the current climate,” said Peter Bookvar, equity strategist at Miller Tabak & Co, on the co-ordinated interest rates moves.

NO  RESCUE FOR SOME

“Until the day they put me in the ground I will wonder,” Richard Fuld, the disgraced head of Lehman Brothers, told the U.S. Congress in his first public comments since Lehman filed for bankruptcy protection. “I do not know why we were the only one” that was not rescued.