Quotes About Banks

Despite a sincere effort, the SEC was not well suited to supervising the investment banks.

Banks have spent hundreds of millions of dollars complying with the new rules and are not looking for a rollback.

Moreover, the nation's banks seemed ready to withstand any spillover from housing.

The buffer would ensure that banks built up their capital in good times, so that they could absorb losses and keep lending in bad times.

Unlike most other countries, the United States had required its banks to meet a minimum leverage ratio before the crisis, albeit at a relatively low level.

Losing the authority to supervise smaller banks could create a dangerous blind spot.

To ensure widespread participation, including by stronger banks, we needed the nation's leading banks to take part.

although the European banks that eagerly bought securitized subprime loans were hardly blameless.)

President Obama has a good sense not just of the economic requisites for financial crisis firefighting but also how you build political support for moving forward on reforming the financial system, making sure that the banks are carrying enough capital.

In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit with governors of central banks and finance ministers and, in some cases, prime ministers. They all know Travelex. We are regarded as the establishment - the world's largest retailer of foreign currency.

A contingent bailout policy - implicit or explicit - must be coupled with some regulation of what banks can and cannot do. For example, a ban on lending to uncreditworthy customers might well make sense.

We need to cut the capital gains tax; we need to take regulations off the backs of business and allow banks to once again lend.

Often you see big companies, big banks who are eager to embrace crushing regulatory burdens because they drive up everyone's costs.

If Senator Shelby calls his Financial Regulatory Improvement Act anything other than a hand out for the big banks, then he is being untruthful, and the people of Alabama deserve better.

We need to change how we run banks. We need to change the culture. If we get it right, we can have a huge impact.

Often when we talk about food and food policy, it is thinking about hunger and food access through food pantries and food banks, all of which are extremely important.

An east wind blew from the City: it had the stone-cold of big business blocks and banks.

We've got two parties." "No you do not. You have only the party of the banks, of the money men, and they divide it into two pieces for your voting.

I'm not really worried about England's banks.

I mean, everyone agrees with stress tests for banks. I mean that's clear. But banks should do that on their own. And they should worry about their own capital functioning. That's what they should do. It shouldn't be a government function.

Like many other banks and finance companies, Green Tree used a process called securitization to resell its home loans to outside investors. Green Tree grouped thousands of these small loans into a pool worth hundreds of millions of dollars.

The FHA literally drew up the redlining map and then basically distributed - I'm sorry, the Home Owners' Loan Corporation actually did it, and then distributed to banks who used that as policy to determine how they would lend and who they would lend to. The racism in the system was pervasive and total.

Corporate totalitarianism means total control by corporate interests. If they want a war, they get a war. If they want GMOs, they get GMOs. If they want fracking, they get fracking. If they want big banks to control our monetary policy, big banks control our monetary policy.

Capitalism works only when institutions are forced to absorb the consequences of the risks that they take on. When banks can pocket the upside while spreading the cost of their failures, failure is almost certain.