Quotes About Wall Street

then resold their loans in bulk to Wall Street banks. The banks, in turn, bundled the loans into high-yielding residential mortgage-backed securities (RMBS) and sold them on to investors around the world, all eager for a few hundredths of a percentage point more return on their capital. Repackaged as collateralized debt obligations (CDOs), these subprime securities could be transformed from risky loans to flaky borrowers into triple-A rated investment-grade securities.

It's correct to say that the financial meltdown of 2008 resulted from too much deregulation, too many arcane Wall Street innovations, and some fraud. But that's just one way of explaining it, the one that comfortingly focuses all blame on government and a small class of the rich and powerful and deceitful. The deeper causes were more widespread and unconscious, the fantastical wishfulness affecting at least a large minority of Americans, maybe a majority.

The partnership culture gave way to a bonus culture, in which employees felt free to take huge risks with other people's money in order to generate revenue and big bonuses. Risk management on Wall Street [became] a farce, with risk managers being steamrolled by bankers, traders, and executives focused nearly exclusively on maximizing annual profits—and the size of their annual bonuses.

Remember the dialogue of movieWolf of Wall Street that investors profit remains in paper only and brokers will not allow them to book it as they get commission from organization whose shares trade in stock market. However this movie was a crap and boring and did not expose the real corrupt nature of brokerage firms. It seemed to be sponsored by wall street to not to say much and was made for making huge money only

Wall Street—so named from a street in ancient New York, where was situated the stock exchange, and where the irrational organization of society permitted underhanded manipulation of all the industries of the country.

In order to remain undead, I must steal the life force of someone whose fate matters less to me than my own.' I've always supposed that Wall Street traders utter essentially the same sentence.

Wall Street," said a sadder but wiser Henry Blodget, "is its own world… what matters most is your place in that world, not what the rest of the world thinks of you.

I founded SkyBridge - an alternative investment management company focused on seeding and partnering with emerging managers and mentoring Wall Street's next generation of Wall Street's entrepreneurs - in 2005.

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.

the church had three burial sites—the churchyard at Wall Street and Broadway, the Trinity Church

Byron Wien, for decades one of the most influential voices on Wall Street, taught Israel how to understand macroeconomic questions like the difference between gross national product and gross domestic product. The government had switched the leading economic indicator from GNP to GDP, Wien explained to Israel, as a way to make it seem that the economy was growing faster—official sleight of hand understood by very few.

I knew that she was a psychopath, just like Gary. No conscience. I believed that business, the government, Wall Street were filled with people like that. No regret for their actions. Not unless they got caught. Then the crocodile tears started. "What

I believe women who are supported by men are prostitutes, that is that, and I am heartbroken to live through a time where Wall Street money means these women are not treated with due disdain.

Hillary Clinton was famous for her intimate friendship with Wall Street bankers. At one point she actually scolded Bernie Sanders for wanting to get tough with the financial industry because such a policy, by itself, would not also end racism and sexism—a new low in self-serving sophistry.

The truth is that the culture that surrounds us—and that persistently triggers new explosions of backlash outrage—is largely the product of business rationality. It is made by writers and actors, who answer to editors and directors and producers, who answer to senior vice presidents and chief executive officers, who answer to Wall Street bankers, who demand profits above all else.

[T]his country is bigger than Wall Street, and if they don't believe it, I show 'em the map.

In the days following the crash, an axiom as old as the Republic came into play once more. In good times Wall Street wanted Washington to leave it alone. In bad times it wanted Washington to act.

Many a time in the past, when an active operator on Wall Street, he had done things...which would have caused raised eyebrows on the fo'c'sle of a pirate sloop - and done them without a blush.

I was an economics major in college, and every summer after school, I would drive my car from California, from Claremont men's college at the time, to New York. And I worked on Wall Street.

Critics of the Wall Street protesters claim that they have old ideas, nothing new, and they're never going to work. Wait a minute., that sounds like this show.

The person in the business suit who works on Wall Street, who does their work perfectly, is probably evolving a lot faster, if they also meditate.

On the other hand, there is so much hypocrisy among supposed free market champions! The 5,000 golf buddies in America's smug CEO caste – plus their New Lord backers and Wall Street pals – claim to oppose central planning. But their circle-jerk connivings only shift it away from openly accountable civil servants into dark crypts that are secret, self-flattering and inherently stupid.

The harsh reality of the negative-sum game dictates that, in aggregate, active managers lose to the market by the amount it costs to play in the form of management fees, trading commissions, and dealer spread. Wall Street's share of the pie defines the amount of performance drag experienced by the would-be market beaters.

Asset-backed securities involve a high degree of financial engineering. As a general rule of thumb, the more complexity that exists in a Wall Street creation, the faster and farther investors should run.