Regulators Quotes - Page 4

• If the Congress is going to spend its whole time hauling up regulators and bureaucrats and looking like they're focusing on tiny, trivial things, instead of jobs and the economy, it could be a problem for them.

  Mara Liasson

  Jobs, Tiny, Problem

  "Darrell Issa, Fred Upton Talk Oversight; Allen West, Mike Lee on Tea Party Conservatives". "Fox News Sunday" with Chris Wallace, www.foxnews.com. January 2, 2011.

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• I think we're fooling ourselves if we think that regulators are going to be able to outsmart the bankers. So, the task of designing regulatory reform is trying to make more or less foolproof regulation and that's one of the advantages of the systemic category.

  Robert F. Engle

  Thinking, Design, Trying

  Source: bigthink.com

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• So when you see a regulation against lead, because lead is a bad in a regulators mind, what does that mean? You are not telling us what is good, you are just tell us what you don't want, not what you do want.

  William McDonough

  Mean, Mind, Doe

  Source: www.triplepundit.com

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• What I do know is, in little more than 30 years, we have gone from a nation where the “quiet enjoyment” of one’s private property was a sacred right, to a day when the so-called property “owner” faces a hovering hoard of taxmen and regulators threatening to lien, foreclose, and “go to auction” at the first sign of private defiance of their collective will ... a relationship between government and private property rights which my dictionary defines as “fascism.”

  Vin Suprynowicz

  Rights, Government, Years

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• If you believe one of the biggest problems confronting the country is overregulation by this administration, the single most effective way to begin to rein in the aggressive regulators, who in my view have done great damage to this economy, is in the bills that fund the regulators.

  Mitch McConnell

  Country, Believe, Views

  Source: www.rollcall.com

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• Every day Big Government heaps demands and restrictions upon businesses that sink some enterprises, cause others to direct resources away from serving customers and instead toward jumping through hoops of lawyers and regulators, and prevent other operations from ever getting off the ground.

  Joel Miller

  Jumping, Government, Demand

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• Government barriers on Business For example, the Endangered Species Act prevents 'disturbing the habitat' of the spotted owl. That has restricted 4.2 million acres of forest from development, leading to the loss of 30,000 lumber-related jobs and the annual loss of 1.1 billion board feet of lumber. This has driven up the cost of houses by at least $4,000 each. In addition, regulators ordered a Kansas City bank to install a Braille keypad on its drive-through automatic teller machine, presumably to aid any blind drivers. The list goes on and on.

  Rush Limbaugh

  Jobs, Business, Loss

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• The history of successful cases, some of which are in this museum, illustrates that often the regulators and legislatures don't wake up until some plaintiff gets a lawyers and digs out the cover-ups and the incriminating information about a safety defect in an automobile or another product.

  Ralph Nader

  Successful, Museums, Safety

  Source: www.pbs.org

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• ...It is impossible, I say, for the human mind not to believe that there is in all this design, cause, and effect up to an Ultimate Cause-a Fabricator of all things, from matter and motion-their Preserver and Regulator while permitted to exist in their present forms-and their Regenerator into new and other forms.

  Thomas Jefferson

  Believe, Design, Mind

  Thomas Jefferson (1829). “Memoirs, Correspondence, and Private Papers of Thomas Jefferson: Late President of the United States”, p.372

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• The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way.

  Elizabeth Warren

  Zero, Night, Community

  "Elizabeth Warren: Our Populist Agenda — In Her Own Words" by Roger Hickey, www.huffingtonpost.com. January 4, 2015.

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• Perhaps more to the point for TBTF (Too Big To Fail bank), if a SIFI (Systemically Important Financial Institution) does fail I have little doubt that private investors will in fact bear the losses-even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution

  Jeremy C. Stein

  Loss, Political, Doubt

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• People vastly overestimate the ability of central planners to improve on the independent action of diverse individuals. What I've learned watching regulators is that they almost always make things worse. If regulators did nothing, the self-correcting mechanisms of the market would mitigate most problems with more finesse. And less cost.

  John Stossel

  Independent, Self, People

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• Its hardly a radical idea to suggest that regulators and legislators understand the law now, is it?

  Nigel Farage

  Law, Ideas, Radical

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