Quotes About Financial system

When the financial system works as it should, money and capital flow to and from households and businesses to pay for home loans, school loans, and investments to create jobs.

It's great that people get together and collaborate, talk about the facts and the analysis, all in the interest of having a great financial system.

The current financial crisis makes it very clears that the system that we have isn't really working, and this is the right time for us to undo things and build them in a new way.

If a systemic crisis occurs, the FDIC may rescue a bank in the non-least-cost-way—for example, by paying off creditors who are not covered by deposit insurance or keeping a bank temporarily alive when it is insolvent—when nonpayment of creditors or the bank's failure would threaten the system.

What is the system? It revolves around the banks, the system is built on the power of the banks, so it can be destroyed through the banks.

Life is unpredictable," I told them, thinking of both my own career path and the economy and financial system's roller-coaster ride over the past seven and a half years. I also gave them a working definition of my chosen profession: "Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

With the money supply no longer constrained by the amount of gold held by the government, deflation stopped almost immediately.

The company was so large and interconnected with the rest of the financial system that the ramifications of its failure would be massive, if hard to predict.

I'm largely in favor of financial reform.

President Obama has a good sense not just of the economic requisites for financial crisis firefighting but also how you build political support for moving forward on reforming the financial system, making sure that the banks are carrying enough capital.

But our system of regulation must keep up with this. If it fails to keep up, it will hold back economic expansion. We need financial market regulation that works at national and European level.

Our current way of regulating the financial system is dysfunctional. Oversight is dispersed among numerous confusing bodies that at times have seemed to be racing each other to the bottom. Setting up One Big Regulator would end that problem.

Regulatory reform must move beyond limiting the damage that the financial sector can do and ensure that the sector genuinely serves society.

Regional interest rate differentials persisted until around the time of World War I and helped shape the attitudes of Americans living in western areas toward the nation's financial system.

War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.

By a closed economic system is meant the idea that the world's energy supply, upon which the financial system of the banksters is based, is founded upon non-renewable energy sources such as oil, natural gas, and so on. Hence, the system is closed since the whole premise of the system is scarcity and nonrenewability.

Note the profound implications of this closed-system economic paradigm, for it necessitates that the Bilderberg and similar Groups must resort to active measures to suppress the scientific development of new theories and their allied technologies that would shift the world's energy supply — and hence the financial system — to a new basis, and a basis no longer needing to be reliant upon their own monopoly financial power to create the medium of exchange and credit.

Our financial system is a false one and a huge burden on the people . . . This Act establishes the most gigantic trust on earth." —Congressman Charles Augustus Lindbergh, Sr.

If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.

And in 2006, just before the financial system began to collapse, an analyst from Standard & Poor's, a credit-rating agency that consistently and knowingly gave the highest ratings to near-worthless mortgage-backed securities, said in an internal e-mail, "Let's hope we are all wealthy and retired by the time this house of cards falters.

To prosper and advance, the American business sector is going to need a financial system oriented toward business, not 'home ownership.'

Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system.

Some of these biggest financial institutions are out there trading in commodities. They're buying oil tankers. This is not a financial system that has calmed down and is there to serve the American people.

This Federal Reserve Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized.