Quotes About Regulation

If I were able to do something unilaterally, I would probably institute a new federal rule that said all cases worth less than $500,000 would be tried without any discovery.

If a financial institution is too big to fail, it is too big to exist.

It is impossible to understand the financial health of big financial institutions and their potential impact on the market. They don't even understand it themselves.

I do believe that banks are special - they are very leveraged institutions by nature; therefore, it's even more critical to ensure that the governance and the process of running a banking company are well-organised, managed and regulated.

We have institutions that have been allowed to become too big to fail because we had all kinds of flaws in our financial infrastructure, in the whole way over-the-counter derivatives work.

A lot has been done to improve safety and soundness and confidence in financial markets and financial institutions, a lot of which was necessary.

It is wrong when we, in effect, throw safe and sound financial institutions into the same category with banks and lenders that climbed too far out on a limb with no way to return.

I actually thought that the marketplace was pretty imbalanced when the consumer bureau was first created and financial institutions did not have someone looking carefully over their shoulder to look after the interest of consumers.

Insulin is a crisis medication.

People don't want to be told what type of insurance they have to have.

You know we're going to control the insurance companies.

Let's hold insurance companies accountable the right way by making them put their whole customer base on the line.

We have to do a better job of putting some rules on the insurance companies.

Well, my view is that the insurance companies have done awfully well and spent a lot of money on a lot of things that don't have anything to do with health care.

Obama is telling the insurance companies, as a dictator would, what they can and can't do or what they must or must not do.

The secretary actually already has a good deal of authority within the confines of the Affordable Care Act. Step one really is a question of whether or not HHS will continue to reimburse insurance companies for cost-sharing expenses.

Some people trust an insurance company over the government, while others trust the government over insurance companies.

The Second Amendment is an integral part of the Bill of Rights.

No matter who you are or what you intend to do, you should not exceed the boundaries of the rule of law.

The RBI is interacting with the banks every day.

Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules.

Complexity and interconnectedness matter as much as size in assessing risk in banking.

If there are people who act outside the law, then the state must use legal means to impose law in the interests of majority. That's the way it's done in the U.S., and that's the way it's done in Russia.

I think, my own personal view is there should be higher and higher levels of autonomy; government should not interfere in setting up colleges, in running colleges. The market, the society will decide which is a good university, which is not a good university, rather than government mandating.