Quotes About Bailout

In September 2008 - as Lehman Brothers filed for bankruptcy and AIG, the world's biggest insurance company, accepted a federal bailout - Senator John McCain of Arizona, in what was widely viewed as a political move, suspended his presidential campaign and called on Obama to rush back to Washington for a bipartisan meeting at the White House.

We hear a lot about rebuilding Detroit, and we just spent $70 billion to bail out the auto industry - well, they need to be cost competitive, too. If they have high-cost energy, those suppliers are going to move to Japan or Mexico instead of Michigan and Tennessee.

What we collectively decide about how to bail out our economy, how to pull our economy out of a ditch and what rules we put in place to make sure this problem does not happen again, will shape our country for the next 50 years. This is it.

The government, of course, will print money to bail out the banks' uncovered casino bets, but not to bail out the elderly from the theft of their funds.

Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard ' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again.

What I'm not saying is that all government spending is bad. It's not - far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble.

When we see the banks get bailed out with seemingly no consequences while ordinary people pay the price with job and wage cuts through austerity measures, who could blame a person for wondering where the loyalties of their elected leaders really lie?

If debtors can reasonably expect that the government will swoop in from time to time to bail them out, no one has any incentive to pay his debts.

When the banks crashed the global economy in 2007-08, it was they who received a bailout while the rest of us got austerity.

Divorce is marital welfare.It's just couples asking society to bail them out because they didn't do enough research before they got married.

Once it is recognized that the role of the state in a market economy is not only to enforce property and contract rights, but to ensure liquidity, then the bailout, properly understood, is no different from the enforcement of property rights. A host of legal consequences follow from this observation. This book gives an accounting of them.

We would be left holding Lehman's bad assets, having selectively bailed out the creditors who could exit the most quickly, and the firm would fail anyway.

commentary focused on the unfairness of bailing out Wall Street (a sentiment with which I agreed) rather than on what would have happened had we not acted.

but nothing would please me more than being able to get the Fed out of the bailout business.

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.

I won't dispute that bankers' privileged treatment in the 2008 crash merits populist scorn. But unfortunately, without a bank bailout, there probably would have been a worldwide depression.

Somehow the Tories have deflected the righteous anger at the bankers who we bailed out. The Tories manage to take that outrage and direct it at benefit claimants. It's genius. Evil genius.

Despite being bailed out - in some cases repeatedly - by the public purse, the automakers have shown little public spirit.

The economic costs, the financial costs, the job losses, the income losses, the fiscal costs of bailing out financial system are becoming larger and larger.

The rich and large corporations get richer, the CEOs earn huge compensation packages, and when things get bad, don't worry; Uncle Sam and the American taxpayers are here to bail you out. But when you are in trouble, well, we just can't afford to help you, if you are in the working class or middle class of this country.

The bank bailout should have been more focused on helping small and medium sized banks, on helping homeowners. I think the trade agreements are a disaster.

I think, with Hank Paulson, the concept of a bailout was anathema to him from day one. He was a Republican; he's a free marketeer. He believes in capitalism, and part of capitalism is believing in failure. And so the idea of bailing out an institution, I think, went against every part of him.

I did not forsee a day where the government had to intervene to bail out basically everybody.

My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We'll run into the hundred of millions to prop these companies up.