Quotes About Financial system

I don't think central banks are going to give up fiat currency anytime in my lifetime.

The women who file for bankruptcy played by all the rules, but they are still in economic freefall.

There are no free financial markets in America or, for that matter, anywhere in the Western word, and few, if any, free markets of any other kind.

If the financial system collapses, it's really, really hard to put it back together again.

Our financial system, for as advanced a country that we are, could be so much better.

Looting is the only way left for the Western financial system to make money.

An AIG failure would have been devastating to the financial system and to the economy.

No matter how the financial system is set up, no matter what the economic system is, as long as you have people, you're going to have financial crises; you're going to have bubbles that manifest themselves in the financial system.

If you want to know why the towers of American capitalism are crumbling, I recommend reading 'The Creature from Jekyll Island' by G. Edward Griffin.

As much as the banking system may not be terribly popular, it is an essential part of the economy.

They loaned out so much against stocks and bonds that by October 1907 as much as half the bank loans in New York were backed by securities as collateral—an extremely shaky base for the system.

Armin feel very ashamed. Ashamed of the banking system. Ashamed of Switzerland. These are terrible, unpatriotic things to feel. And I wonder if it isn't this shame which has allowed his illness in.

The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial system. We need to address it.

In this age, if the currency of a major nation collapses, or its access to borrowing ends, it just can't function.

In the United States it is comparatively easy to raise tax rates and to introduce tax-avoidance devices, and it is comparatively hard to lower tax rates and to eliminate tax-avoidance devices.

If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.

Our financial system is driven by a giant marketing machine in which the interests of sellers directly conflict with the interests of buyers.

My fantasy is to break up the big banks. I wish we would end 'too big to fail' in our banking system.

There is a very real danger that financial regulation will become a wolf in sheep's clothing.

Commercial banks - that is, fractional reserve banks - create money out of thin air. Essentially, they do it in the same way as counterfeiters.

Customers deposit money in a bank for interest; the bank lends that money to other people at a higher rate of interest. This isn't glamorous or interesting, but then banking is not supposed to resemble base jumping or hip-hop.

In the absence of sound oversight, responsible businesses are forced to compete against unscrupulous and underhanded businesses, who are unencumbered by any restrictions on activities that might harm the environment, or take advantage of middle-class families, or threaten to bring down the entire financial system.

For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.

The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I'm concerned, he's public enemy No. 1. We're never going to have a recovery while this guy's in charge.