Financial Institutions Quotes:

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

- Sarah Palin

topic: Government, Succeed, Failing, Financial Institutions

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

- Elizabeth Warren

topic: People, Corporations, Financial, Financial Institutions

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

- Bernie Sanders

topic: Financial, Failing, Institutions, Financial Institutions

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

topic: Government, People, High Standards, Civil Society, Financial Institutions

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

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

topic: Believe, Risk, Growth, Financial Institutions

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

topic: World, Ratios, Portfolios, Regulators, Financial Institutions

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

topic: Writing, Organization, Arrogance, World Bank, World Trade Organization

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

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

topic: Business, Creating, Risk, Financial Institutions, Passing On

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

source: "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.

topic: Safety, Use, Incentives, Financial Institutions

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

- Philip Russell

topic: Revenge, Financial, Victim, Financial Institutions

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

topic: Country, Issues, Hands, Financial Institutions, Broken Up

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

- Graydon Carter

topic: Honest, Financial, Institutions, Financial Institutions

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

- Sean Hannity

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

topic: Believe, Financial, Socialism, Financial Institutions

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

- Charlie Munger

topic: Trying, Financial, Nervous, Financial Institutions

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

topic: Book, Simple, Rocks, Financial Institutions, Financial Risk

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

topic: Strong, Practice, Organization, Supervisors, Financial Institutions

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

- Christina Romer

topic: Writing, Thinking, Underwater, Financial Institutions

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

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

topic: Country, Home, Community, Financial Institutions, Financial Regulation

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

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

topic: Responsibility, Safety, Risk, Financial Institutions, Financial Markets

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

topic: Discipline, Risk, Financial, Financial Institutions, Financial System

Top management as a function and as a structure was first developed by Georg 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

topic: Years, Europe, Firsts, Financial Institutions

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

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

topic: Attitude, Years, Important, Affected, Financial Institutions

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

- Elizabeth Warren

topic: People, Tables, Financial, Financial Institutions

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

- Charlie Munger

topic: Casinos, Financial, Institutions, Financial Institutions

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

topic: Zombie, Movement, Toxic, Financial Institutions, Financial Crisis

It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with.

- Warren Buffett

source: Source: hurricanecapital.wordpress.com

topic: Running, Men, Able, Financial Institutions

Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.

- Thomas Sowell

source: "A Political "Solution": Part II" by Thomas Sowell, www.realclearpolitics.com. September 23, 2008.

topic: Real, People, Swim, Sink Or Swim, Downturn

Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.

- Thomas Sowell

source: Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.44, ReadHowYouWant.com

topic: Home, Government, Holy Grail, Financial Institutions, Home Ownership

No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.

- Thomas Sowell

source: Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.42, ReadHowYouWant.com

topic: Wall, Home, Heart, Lending, Financial Institutions

People.. were poor not because they were stupid or lazy. They worked all day long, doing complex physical tasks. They were poor because the financial institution in the country did not help them widen their economic base.

- Muhammad Yunus

topic: Country, Stupid, People, Financial Institutions

Almost no one will accept responsibility for his or her role in precipitating a crisis: not leveraged speculators, not willfully blind leaders of financial institutions, and certainly not regulators, government officials, ratings agencies or politicians.

- Seth Klarman

topic: Responsibility, Agency, Government, Speculators, Financial Institutions

I do not understand how it is that financial institutions could think that they could take taxpayer money and then turn around and act like it's business as usual. I don't understand how they can't see that the world has changed in a fundamental way, that it is not business as usual when you take taxpayer dollars.

- Elizabeth Warren

topic: Thinking, Usual, Dollars, Financial Institutions

Accountability for the largest financial institutions on Wall Street is the bedrock for a strong economy. Hard-working families and honest businesses cannot survive in a world where the rules don’t keep the marketplace honest.

- Elizabeth Warren

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

topic: Strong, Wall, Hard Work, Strong Economy, Financial Institutions

Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.

- Henry Paulson

topic: Goal, Architecture, Financial, Financial Institutions, Restructuring

You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.

- Warren Buffett

topic: Criminals, Financial, Institutions, Financial Institutions, Prosecution

We've had a number of economists supporting our legislation. And here's where we are. The American people can judge. Six largest financial institutions in America today have assets of roughly $10 trillion; equivalent to 58 percent of the GDP of the United States of America.

- Bernie Sanders

source: Bernie Sanders during Democratic Presidential Candidates Debate at the University of New Hampshire in Durham, New Hampshire, www.nytimes.com. February 5, 2016.

topic: Gdp, Numbers, America, Financial Institutions, America Today

A lot of ambitious code has been written into the law for those and we will have to see if it actually works, if we have another example of a big financial institution going bankrupt.

- Robert F. Engle

topic: Law, Ambitious, Example, Financial Institutions

Right, we've got these institutions of media, these financial institutions, we have the means of distribution, we have the means of production, we have all these markets and maxims in place. How do we alter the consciousness, the fundamental unifying field? How do we influence change on that level to all of the world?

- Russell Brand

source: "Interview with Russell Brand, Daniel Pinchbeck, & Graham Hancock". Interview, www.marandapleasantmedia.com.

topic: Mean, Media, World, Unifying, Financial Institutions

I have no interest in increasing the size of government. I just want to make sure we have got a smart government that is regulating, for example, the financial institutions smartly, so I don't have to engage in any kind of bank bailouts.

- Barack Obama

source: Source: www.realclearpolitics.com

topic: Smart, Government, Example, Financial Institutions, Bailouts

I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury.

- Warren Buffett

source: "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

topic: Thinking, Play, People, Financial Institutions

I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They're efficient. They're flexible.

- Henry Paulson

source: "Commentary: White House caught napping on financial crisis" by Campbell Brown, www.cnn.com. September 24, 2008.

topic: Strong, Financial, Investment, Great Confidence, Financial Institutions

Apparently modern financial regulators are vastly more sophisticated than we were as financial regulators 25 years ago - because we had never figured out that the key to financial stability was leaving felons in charge of the largest financial institutions in the world.

- William K. Black

topic: Keys, Years, Leaving, Regulators, Felons

What's more, sharia finance is another tool of Islamic separatism; instead of assimilating into American society, Muslims are demanding, and receiving, parallel financial institutions that reinforce the idea that they are unique, not subject to the laws and norms to which the rest of us are subject-a privileged class. At the same time, sharia finance initiatives are giving Islamic interests increased control over Western economic life.

- Robert Spencer

source: Robert Spencer (2008). “Stealth Jihad: How Radical Islam Is Subverting America without Guns or Bombs”, p.185, Regnery Publishing

topic: Islamic, Unique, Law, Sharia, Financial Institutions

Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default. ... The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously.

- Thomas Sowell

source: "Bailout Politics" by Thomas Sowell, www.realclearpolitics.com. September 30, 2008.

topic: Government, Should Have, Careers, Financial Institutions, Assessing

RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk."

- Gary H. Stern

topic: Discipline, Risk, Important, Financial Institutions, Creditors

Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.

- Paul Krugman

topic: Strong, Jobs, Philosophy, Financial Institutions

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

topic: Loss, Political, Doubt, Dodd Frank, Financial Institutions

Concentrating wealth in the hands of the few and deregulating financial institutions and practices lead to speculative bubbles that eventually burst - and that brings the whole country down.

- Jennifer Granholm

topic: Country, Hands, Practice, Concentrating, Financial Institutions

So the misplaced assumption is that we have this whole new institutional element where these [financial] institutions are looking after their own financial interests before the financial interests of the principals, princi-pals whose interests they are really bound to observe first.

- John C. Bogle

topic: Pals, Elements, Firsts, Misplaced, Financial Institutions

The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.

- Martin Wolf

topic: Data, Risk, Doubt, Maryland, Kenneth