Quotes About Regulation

The U.S. stock market now trades inside black boxes, in heavily guarded buildings in New Jersey and Chicago. What goes on inside those black boxes is hard to say—the ticker tape that runs across the bottom of cable TV screens captures only the tiniest fraction of what occurs in the stock markets. The public reports of what happens inside the black boxes are fuzzy and unreliable—even an expert cannot say what exactly happens inside them, or when it happens, or why.

Chop house brokers are nomads. The chop house folds or is shut down by the SEC, and its employees move on in a teeming, peristaltic mass.

The SEC, like the public stock exchanges, had a kind of equity stake in the future revenues of high-frequency traders.

What is it with you freedom-loving Americans? he asked. Live free or die. I don't get it. I say, "Regulate me gently. I'd rather live.

Glass-Steagall was an act of the US Congress, but it worked more like an act of God. It cleaved mankind in two. With it, in 1934, American lawmakers had stripped investment banking out from commercial banking. Investment bankers now underwrote securities, such as stocks and bonds. Commercial bankers, like Citibank, took deposits and made loans. The act, in effect, created the investment banking profession, the single most important event in the history of the world, or so I was led to believe.

The company tied white and yellow and red ribbons to the prostitutes to indicate which ones were available to which men. After each sexual encounter the prostitute received a stamp on her arm to indicate how often she had been used. The Germans didn't just want hookers: they wanted hookers with rules. Perhaps

It's Laissez-Faire Until You Get In Deep Shit

If everyone on Wall Street abided by the rule's spirit, the rule would have established a new fairness in the U.S. stock market.

The CEOs of every major Wall Street firm were also on the wrong end of the gamble. All of them, without exception, either ran their public corporations into bankruptcy or were saved from bankruptcy by the United States government. They all got rich, too.

Every systemic market injustice arose from some loophole in a regulation created to correct some prior injustice. "No matter what the regulators did, some other intermediary found a way to react, so there would be another form of front-running

When they heard that Joel Leftwich, the guy Trump wanted to lead his USDA transition team, had been a lobbyist for PepsiCo, they brought in a mini-fridge stocked with Pepsis. That was just the way they were at the USDA. They didn't think: How the fuck can people paid to push sugary drinks on American kids be let anywhere near the federal department with the most influence on what American kids eat? Instead they thought: I hear he's a nice guy!

one found that they complained less about overbearing control than about the absence of responsible control.

Government] regulation is an imperfect substitute for the accountability, and trust, built into a market in which food producers meet the gaze of eaters and vice versa.

Institutions generally like to mediate the individual's access to authority

Banking was conceived in iniquity and born in sin.

As with the government failures that made 9/11 possible, neglecting to prevent the crash of '08 was a sin of omission - less the result of deregulation per se than of disbelief in financial regulation as a legitimate mechanism.

Well, generally, I don't like sin taxes at all, because sin taxes and nanny state politics represent the government making a moral judgment on people's individual choices.

Freedom of the news media must be subordinated to the overriding needs of Singapore, and to the primacy of purpose of an elected government.

Singapore's not a very big country. They speak with one voice, and they have a clear idea of what their regulatory environment should look like.

No single housing finance institution should be too big to fail.

My decision has been that anyone who breaks the law will be prosecuted. If you're a parent or you're a single person or you happen to have a family, if you cross between the ports of entry, we will refer you for prosecution. You've broken U.S. law.

Netizens and site operators must find ways to police themselves in order to keep government interference to a minimum.

China's Internet will continue to be policed and controlled, information filtered, sites prohibited, noncompliant search engines excluded, and sensitive search words disallowed. And where China goes, others, also informed by different values, are already and will follow.

New Jersey has more Superfund sites than other state in the nation, but considerable progress has been made.