Quotes from Henry Kaufman

There are two kinds of people who lose money: those who know nothing and those who know everything.

I do sense that the financial system is under the gun. In order to keep our system and economies moving globally, there's the need to extend new money.

There are two kinds of people who lose money: those who know nothing and those who know everything

extreme financial concentration has damaged not only the operation of financial markets, but also the ability of the Federal Reserve to influence their operation for the better (page 41).