Financial Institutions Quotes

• Folks, this government isn't too big to fail, it's too big to succeed.

  Sarah Palin

  Government, Succeed, Failing

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• Some of the largest financial institutions can build a profit model on tricking people.

  Elizabeth Warren

  People, Corporations, Financial

  "The Professor". Interview with Jeffrey Toobin, www.newyorker.com. September 17, 2012.

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• If a financial institution is too big to fail, it is too big to exist.

  Bernie Sanders

  Financial, Failing, Institutions

  FaceBook post by U.S. Senator Bernie Sanders from Sep 24, 2009

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• Financial institutions, the corporate world and civil society - all must uphold high standards of probity in their working. Only a genuine partnership between the Government and its people can bring about positive change to create a just society.

  Pratibha Patil

  Government, People, High Standards

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• I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

  Alan Greenspan

  Believe, Risk, Growth

  "Taking Hard New Look at a Greenspan Legacy" by Peter S. Goodman, www.nytimes.com. October 8, 2008.

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• In a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes in the structure of portfolios from occurring. What they can do is keep the asset-equity ratio of banks within bounds by setting equity-absorption ratios for various types of assets. If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.

  Hyman Minsky

  World, Ratios, Portfolios

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• The World Trade Organization, The World Bank, The International Monetary Fund and other financial institutions virtually write economic policy and parliamentary legislation. With a deadly combination of arrogance and ruthlessness, they take their sledgehammers to fragile, interdependent, historically complex societies and devastate them, all under the fluttering banner of 'reform'.

  Arundhati Roy

  Writing, Organization, Arrogance

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• The Treasury's plan has little for those outside of the financial industry. It is aimed at rescuing the same financial institutions that created this crisis with the sloppy underwriting and reckless disregard for the risk they were creating, taking or passing on to others.

  Richard Shelby

  Business, Passing On, Creating

  "CNN Newsroom" with Heidi Collins, www.cnn.com. September 23, 2008.

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• With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.

  Ben Bernanke

  Safety, Use, Incentives

  "Hearing Regarding Ben Bernanke's Nomination to Be Chairman of the Board of Goverrnors of the Federal Reserve". U.S. Senate Committee on Banking, Housing and Urban Affairs, www.washingtonpost.com. November 15, 2005.

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• His victims were for the most part financial institutions who exact their revenge in courtrooms.

  Philip Russell

  Revenge, Financial, Victim

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• No. It is not acceptable that the 6 largest financial institutions in this country have assets of almost 10 trillion dollars, and issue half of the mortgages and two-thirds of the credit cards. That is too much wealth and power in the hands of a few. If Teddy Roosevelt were alive today he'd tell us to 'break them up.' And he'd be right. These huge banks must be broken up.

  Bernie Sanders

  Country, Issues, Hands

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• Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting.

  Graydon Carter

  Honest, Financial, Institutions

  "Paper Chase" by Graydon Carter, www.vanityfair.com. July 2012.

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• The Democrats, because they believe in socialism, redistribution, forced the banks and financial institutions to make the risky loans.

  Sean Hannity

  Believe, Financial, Socialism

  "Hannity Referees Beckel Brothers Showdown". "Hannity" with Sean Hannity, www.foxnews.com. September 23, 2009.

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• Financial institutions make us nervous when they're trying to do well.

  Charlie Munger

  Trying, Financial, Nervous

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• There is a simple way of avoiding excess risk-taking by the managers of our financial institutions. It is to make it a crime ... had a crime for reckless management of a financial institution been on the books, Northern Rock and RBS would not have blown up.

  Paul Collier

  Book, Simple, Rocks

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• Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.

  Ben Bernanke

  Strong, Practice, Organization

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• I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.

  Christina Romer

  Writing, Thinking, Underwater

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• North Carolina is home to some of the largest financial institutions in the country, and a vibrant network of community banks. We're a banking state, and we're proud of that distinction. But we also understand that responsible financial regulation protects consumers and businesses.

  Kay Hagan

  Country, Home, Community

  "Don’t Filibuster Cordray" by Kay R. Hagan, www.huffingtonpost.com. December 8, 2011.

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• The Federal Reserve has a responsibility to ensure the safety and soundness of financial institutions and to contain systemic risks in financial markets.

  Bernie Sanders

  Responsibility, Safety, Risk

  "Biography/ Personal Quotes". www.imdb.com.

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• For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.

  Henry Paulson

  Discipline, Risk, Financial

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• Top management as a function and as a structure was first developed by Georg von Siemens (1839-1901) in Germany between 1870 and 1880, when he designed and built the Deutsche Bank and made it, within a very few years, into continental Europe's leading and most dynamic financial institution.

  Peter Drucker

  Years, Europe, Top Management

  "Management: Tasks, Responsibilities, Practices". Book by Peter F. Drucker, 1973.

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• Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same. Thus the important and difficult part of sound investment, which hinges upon the investor's own temperament and attitude, is not much affected by the passing years.

  Benjamin Graham

  Attitude, Years, Important

  Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”

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• It is critical that the American people, and not just their financial institutions, be represented at the negotiating table.

  Elizabeth Warren

  People, Tables, Financial

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• A lot of our respected financial institutions are just casinos in drag.

  Charlie Munger

  Casinos, Financial, Institutions

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• Just as the financial crisis has created toxic assets and 'zombie' financial institutions, so has it transformed conservatism into a movement of the living dead.

  Thomas Frank

  Zombie, Toxic, Movement

  "Conservatives and Their Pity Parties" by Thomas Frank, www.huffingtonpost.com. April 4, 2009.

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