Quotes About Bailout

Many financial and industrial companies have been bailed out with the public's money, but very few of those who had run those companies have been punished for their failures. Yes, the top managers of those companies have lost their jobs - but with a fat pension and mostly with a handsome severance payment.

The Great Bailout is mostly over for the banks. But for those troubled behemoths of the nation's housing bust, Fannie Mae and Freddie Mac, the lifeline from Washington just keeps getting longer.

Whatever may need to be bailed out should be nationalized; whatever does not need a bailout should be free, small, and risk-bearing. We got ourselves into the worst of capitalism and socialism. In France, in the 1980s, the socialists took over the banks. In the United States in the 2000s, the banks took over the government. This is surreal.

In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals - firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS.

The fetus bailed out without a parachute.

The Fiscal Legacy of Crises Declining revenues and higher expenditures, owing to a combination of bailout costs and higher transfer payments and debt servicing costs, lead to a rapid and marked worsening in the fiscal balance.

The Prime Minister in the UK thinks spending and borrowing more is the right thing to do in the circumstances, and is busily trying to bail out chunks of the private sector which would otherwise have to adjust more quickly to the painful reality that we have been living beyond our means.

State constitutions typically provide that the state first has to service its debt, then make it pension payments, and then pay for services. What we don't know is whether that order will be enforced. And ultimately, the busted state is going to be looking to the federal government for a bailout. Think Greece, but on a much bigger scale.

The Republican platform specifically says we don't believe in bailing out private business, and yet we did.

One of the NECESSARILY ILLUSIONS for the general public is that we live in a capitalist economy, but the rich don't believe that for a minute. They insist on a powerful state to protect them from market discipline. So if Goldman Sachs makes a risky transaction, they're basically protected. If it crashes, they can run to the nanny state with their cap in hand and get bailed out.

Then comes the Bush and Obama bailout, which reconstructed the powerful institutions—the perpetrators—and left everyone else floating. There was severe harm to people, who had houses taken away from them, jobs diminished, and so on. That's where we are now. It was done with impunity, and they're building up to the next one.

Our government disdains a risk-reward game that millions of Americans play," Matt wrote, "then bails out Wall Street sharks who bet unfathomable sums. I can only conclude that this contradictory stance has little to do with the skills required for each pursuit. No, for some reason, lawmakers just don't like poker.

If your bank took bailout money, take your money out of that bank and put it in a credit union. Credit unions are owned by the people who have their money in the credit union.

We shouldn't be bailing out insurance companies under ObamaCare.

I ran for office originally as part of this Tea Party Movement because we were upset with Republicans who've doubled the debt. We were upset with Republicans that bailed out the banks.

I have actively opposed every bailout, every rebate check, every so called 'stimulus.'

I don't know if a government bailout will rescue America's auto industry, but I do know that if there is a bailout, it better come with a big, bright stop sign and lots of strings attached.

I opposed the bailout of banks and car companies.

In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing out Lehman were bad, the politics of bailing out A.I.G. would have been worse. And the systemic risk that a failure of A.I.G. posed was orders of magnitude greater than Lehman's collapse.

Any bailout of a private company is a bad decision by our federal government. Private companies have the right to succeed, but they also should have the right to fail.

You know, Hoosiers recognize pork when we see it. And they recognize what bailing out every failing business in America means - We're burying generations under a mountain range of debt.

Government-imposed loan standards precipitated a banking crisis, which was solved by a government bailout and control of the banks. As a result, little by little, fewer and fewer are making more and more banking decisions. Government

The deals the government and Wall Street worked out that weekend to save the likes of AIG, Goldman, Deutsche Bank, Morgan Stanley, and Merrill Lynch were unprecedented in their reach and political consequence, transforming America into a permanent oligarchical bailout state. This was, essentially, a formal merger of Wall Street and the U.S. government.

Greenspan's rise is instead a tale of a gerbilish mirror-gazer who flattered and bullshitted his way up the Matterhorn of American power and then, once he got to the top, feverishly jacked himself off to the attentions of Wall Street for twenty consecutive years—in the process laying the intellectual foundation for a generation of orgiastic greed and overconsumption and turning the Federal Reserve into a permanent bailout mechanism for the super-rich.