Quotes About Financial Institutions

#1. 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

#2. 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

#3. 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

#4. 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

#5. 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

#6. Fannie Mae and Freddie Mac buy mortgages from banks and other lenders, providing those financial institutions with capital to make new loans.

Charles Duhigg

#7. There was a time in the United States when most of our financial institutions were local. Which essentially meant that local communities were able to create their own credit, or their own money, in response to their own needs. We still depended on banks, but it was a much more democratic process.

David Korten

#8. the Icelandic banks are the only financial institutions in the world that have gone bankrupt with an A rating.

Thor Bjorgolfsson

#9. 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

#10. 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

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

Graydon Carter

#12. To get our economy back on track and keep it functioning properly without the problems of our financial institutions, we need reasonable regulations that will protect Main Street while at the same time allow Wall Street to do what it does best - make money for American investors.

Marsha Blackburn

#13. After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely.

Thomas Sowell

#14. I really do believe the final act in play is a crisis in our financial institutions, which are doing such dumb, dumb things,

Michael Lewis

#15. People employed in financial institutions are rarely interesting and even more rarely likable.

Nassim Nicholas Taleb

#16. A modern economy is marked by the feasibility of endogenous change: Modernization brings myriad arrangements from expanded property rights to company law and financial institutions.

Edmund Phelps

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

Charlie Munger

#18. Accounting rules give financial institutions flexibility about when they choose to recognize venture capital profits.

Alex Berenson

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

Christina Romer

#20. Deficit reduction is the demand of the financial institutions and the superrich, and in a rapidly declining democracy, that's what counts.

Noam Chomsky

#21. There are few colonial nations anymore. Instead, we are colonized by financial institutions beyond our political control. We are colonized with pens and papers and millions of little digital bursts transferring billions of dollars all over the globe in the blink of an eye.

Charlie Pierce

#22. 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

#23. The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions ... Derivatives have permitted the unbundling of financial risks.

Alan Greenspan

#24. Some of these biggest financial institutions are out there trading in commodities. They're buying oil tankers. This is not a financial system that has calmed down and is there to serve the American people.

Elizabeth Warren

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

Charlie Munger

#26. 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

#27. 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

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

Sean Hannity

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

Elizabeth Warren

#30. Those who perpetrate fraud against our financial institutions will be met with the full force of law enforcement.

Loretta Lynch

#31. 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

#32. I wanted to build a tool for my generation: people 20 to 40 who don't want to spend time balancing a checkbook or checking multiple financial institutions' websites. Mint does just that, giving comprehensive, quick insights into a user's finances from their computer, mobile phone and/or tablet.

Aaron Patzer

#33. All safe deposit boxes in banks or financial institutions have been sealed ... and may only be opened in the presence of an agent of the I.R.S.

Franklin D. Roosevelt

#34. Well, the U.S., of course, is the world's largest economy. It's about a quarter of the world's output. It's also home to many of the largest financial institutions and financial markets.

Ben Bernanke

#35. Economic management involves the operation of economic frameworks in real time - for example, in the private sector, the management of complex financial institutions or, in the public sector, the day-to-day supervision of those institutions.

Ben Bernanke

#36. Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.

Henry Paulson

#37. 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

#38. Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world's largest financial institutions and play a crucial role in the housing market.

Alex Berenson

#39. 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

#40. There's been such a sense that there's one set of rules for trillion-dollar financial institutions and a different set for all the rest of us. It's so pervasive that it's not even hidden.

Elizabeth Warren

#41. Every morning when I pick up the newspaper and read about an earthquake in Japan or problems in European financial institutions, the first question I ask our staff is 'What is money-market-fund exposure?'

Mary Schapiro

#42. 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

#43. 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

#44. If you look at the history of large financial institutions, most of them have succeeded because of a deep presence in their home market.

Uday Kotak

#45. Free markets are necessary to promote long-term growth, but they are not self-regulating, particularly when it comes to banks and other large financial institutions.

Francis Fukuyama

#46. At a time when our country is waging two wars, approval ratings for Congress are at historic lows, unemployment is at a 70-year high and financial institutions have collapsed around us, I can't imagine anyone seriously opposing a National Day of Prayer.

Franklin Graham

#47. If large financial institutions can break the law and accumulate million in profits - and, if they get caught, settle by paying out of those profits - they do not have much incentive to follow the law.

Elizabeth Warren

#48. We will talk to the CIFAS members, financial institutions, about the possibility of closing accounts of people who have no right to be here. If you're going to create a hostile environment for illegal migrants ... access to financial services is part of that.

Theresa May

#49. Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company's equity, leaving it without enough money to repay the people who hold its debt.

Alex Berenson

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

Philip Russell

#51. It is impossible to understand the financial health of big financial institutions and their potential impact on the market. They don't even understand it themselves.

Paul Singer

#52. The subprime disaster was a result of financial bombs - derivatives - exploding in financial institutions such as AIG and Lehman Brothers, as well as banks and financial institutions throughout the world.

Robert Kiyosaki

#53. 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

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

Elizabeth Warren

#55. 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

#56. 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

#57. Obama's primary constituency was financial institutions. They were the core of the funding for his campaign. They expect to be paid back. And they were. They were paid back by coming out richer and more powerful than they were before the crisis that they created.

Noam Chomsky

#58. The labour of the farmers, no doubt is of greater value than the financial capacity of the government and non-government institutions which can only play a supportive role.

Girma Woldegiorgis

#59. Financial assistance from Peripheral Development Fund has been provided by Nalco to many educational institutions, trusts, etc, over the years. Financial assistance has not been provided to any private university.

Dinsha Patel

#60. So another challenge for our generation is to create global institutions that reflect our ideas of fairness and responsibility, not the ideas that were the basis of the last stage of financial development over these recent years.

Gordon Brown

#61. The medical profession and the leading academic institutions where mind control research was done have not yet provided a meaningful public accounting, financial or ethical, of this experimentation.

Colin A. Ross

#62. Institutions of the newer participants in global finance had not been tested, until recently ... recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.

Alan Greenspan

#63. It will require a sustained military and financial commitment by the international community, working with the government of Afghanistan, to create the environment in which enduring democratic institutions can be established.

Des Browne

#64. Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.

Timothy Geithner

#65. The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions.

Ben Bernanke

#66. You need in the long run for stability, for economic growth, for jobs, as well as for financial stability, global economic institutions that make sure that growth to be sustained has to be shared, and are built on the principle that the prosperity of this world is indivisible.

Gordon Brown