Quotes About Regulation

Washington, D.C., is the new Wall Street. No significant financial transaction of any consequence occurs without it.

Created by Congress as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB was a direct response to the financial crisis and ensuing Great Recession that began with the subprime mortgage debacle and the unraveling of Lehman Brothers investment bank.

Food Stamp recipients didn't cause the financial crisis; recklessness on Wall Street did.

Wall Street apparently takes and then forgets, and then comes after the guns of law-abiding American citizens and small businesses.

People are rightfully upset about Wall Street abuses and excess.

Second of all, I don't think Wall Street is doing what it's supposed to be doing, even after the shameful performance of the last two years. They're are not allocating capital.

I think that the S.E.C. has been pretty feckless when it comes to reigning in reckless behavior on Wall Street.

Wall Street is greedy, reckless and they operate illegally. That's fine. But what do you do?

Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.

Establishing a 0.03 percent Wall Street speculation fee, similar to what we had from 1914-1966, would dampen the dangerous level of speculation and gambling on Wall Street, encourage the financial sector to invest in the productive economy and reduce the deficit by more than $350 billion over 10 years.

An unregulated derivatives market essentially gives Wall Street a way to place hidden taxes on everything in the world.

Every time the good giants try to cut back on salt, sugar, fat calories, inevitably Wall Street raises its hand and is looking at the sales figures and the revenue and saying, 'Thou shalt not result in any loss of profit.' There's huge continuing pressure on the food companies.

Wall Street banks have the right to express their views to lawmakers and regulators through lobbying, but the law is clear: If they want to influence lawmakers, they must disclose their lobbying expenditures.

It's time to put the national interest before the interests of Wall Street.

The reality is that the institutional framework in which Wall Street operates is fundamentally inappropriate, and it inevitably generates violent fluctuations of the market.

The war to rein in Wall Street excess is never over.

In truth, government has been good to Wall Street and big business.

We need to hold Wall Street accountable for issuing the kinds of deceptive loans that nearly brought our economy to its knees in 2008.

We can't expect Wall Street to police itself - that's why we have a federal government.

If you think Wall Street has a short memory, you're dead wrong. No, the folks who work on Wall Street, regulate Wall Street - and, above all, invest in its wares, notably its hedge funds - don't have a bad memory. They don't have any memory at all.

By the 1890s, the leading Wall Street bankers were becoming increasingly disgruntled with their own creation, the National Banking System... while the banking system was partially centralized under their leadership, it was not centralized enough.

If anything, one would think we learn from Brexit is we need a strong, stable banking system, not one to repeal the consumer bureau and repeal Dodd-Frank and give Wall Street what it wants. That would be the worst kind of response.

Wall Street, like every industry, has good and bad players.

On Wall Street, the industry in which I grew up, a culture in which 'my word is my bond' shifted over the past few decades toward one where the big print can say 'Free' while the small print gives the real costs.