"Financial institutions have been merging into a smaller number of very large banks. Almost all banks are interrelated. So the financial ecology is swelling into gigantic, incestuous, bureaucratic banks-when one fails, they all fall. We have moved from a diversified ecology of small banks, with varied lending policies, to a more homogeneous framework of firms that all resemble one another. True, we now have fewer failures, but when they occur... I shiver at the thought."
Financial quotes
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Financial quotes (page 5 of 23)
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"What we need to do is break the financial community's grip on society."
"There are many people who have worked just because they love the community in which they are in, without expecting any financial consideration."
"Successful entrepreneurship is ultimately a matter of flair. But there is also a fund of practical knowledge to be acquired and, of course, the right legal and financial framework has to be provided for productive enterprise to develop."
"Architects and urbanists are fascinated with cities that are shrinking, like the Rust Belt cities. Or, alternatively, we are fascinated with the growth of favelas and informal settlements. The 2008 financial crisis made these changes more extreme. The subtraction protocols rehearse a way of thinking about multiple properties in counterbalancing interdependence - not just the shaping of one property but the ratcheting interplay between properties."
"One measure for promoting both stability and fairness across financial market segments is a small sales tax on all financial transactions."
"Now financial liberalization is just a catastrophe waiting to happen, and there are very well understood reasons for that."
"The Republican establishment, the mainstream corporate financial wealth, is getting to a point where it can't control the base it's mobilized."
"I'd never really heard of financial abuse, although it makes so much sense when you hear it defined."
"I got to carve through the streets of New York's financial district and discover the awesome feeling of being part of a system where, the harder you worked, the more of those scarce resources you earned! I never looked back."
"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."
"Credit markets were originally created to serve human needs; to provide businesses and individuals with capital to start or expand businesses or fulfill other financial needs."
"Applaud us when we prevail, correct us when we fail; but, above all, do not let this indispensable, irreplaceable institution wither, languish or perish as a result of Member States' indifference, inattention or financial starvation."
"We need to ensure the poorest in the planet - who will be hardest hit by the financial crisis - are not forgotten."
"Financial security puts me at ease and makes me reel good about my future"