Banking Reform Quotes

Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation. ~ Llewellyn Rockwell

The power of the big fish in general to regroup is hardly restricted to banking. When Standard Oil was broken up in 1911, the immediate effect was to replace a national monopoly with a number of regional monopolies controlled by many of the same Wall Street interests. Ultimately, the regional monopolies regrouped: In 1999 Exxon (formerly Standard Oil Company of New Jersey) and Mobil (formerly Standard Oil Company of New York) reconvened in one of the largest mergers in US history. In 1961 Kyso (formerly Standard Oil of Kentucky) was purchased by Chevron (formerly Standard Oil of California); and in the 1960s and 1970s Sohio (formerly Standard Oil of Ohio) was bought by British Petroleum (BP), which then, in 1998, merged with Amoco (formerly Standard Oil of Indiana).

The tale of AT&T is similar. As the result of an antitrust settlement with the government, on January 1, 1984, AT&T spun off its local operations so as to create seven so-called Baby Bells. But the Baby Bells quickly began to merge and regroup. By 2006 four of the Baby Bells were reunited with their parent company AT&T, and two others (Bell Atlantic and NYNEX) merged to form Verizon.

So the hope that you can make a banking breakup stick (even if it were to be achieved) flies in the face of some pretty daunting experience. Also, note carefully a major political fact: The time when traditional reformers had enough power to make tough banking regulation really work was the time when ~ Gar Alperovitz

For me, the beauty of feminism is that it is a social and political movement that has redefined the power and obligation of the self: self-possession and self-regulation as a tool for social reform. ~ Vivian Gornick

Far too many well-connected businesses are feeding at the federal trough. By addressing corporate welfare as well as other forms of welfare, we would add a whole new level of understanding to the notion of entitlement reform. ~ Charles Koch

Anything that benefits the public and not just big banking, that's what I'm with. ~ Big Boi

In advanced societies it is not the race politicians or the "rights" leaders who create the new ideas and the new images of life and man. That role belongs to the artists and intellectuals of each generation. Let the race politicians, if they will, create political, economic or organizational forms of leadership; but it is the artists and the creative minds who will, and must, furnish the all important content. And in this role, they must not be subordinated to the whims and desires of politicians, race leaders and civil rights entrepreneurs whether they come from the Left, Right, or Center, or whether they are peaceful, reform, violent, non-violent or laissez-faire. Which means to say, in advanced societies the cultural front is a special one that requires special techniques not perceived, understood, or appreciated by political philistines. ~ Harold Cruse

In France, this general climate of distrust toward private capitalism was deepened after 1945 by the fact that many members of the economic elite were suspected of having collaborated with the German occupiers and indecently enriched themselves during the war. It was in this highly charged post-Liberation climate that major sectors of the economy were nationalized, including in particular the banking sector, the coal mines, and the automobile industry. The Renault factories were punitively seized after their owner, Louis Renault, was arrested as a collaborator in September 1944. ~ Anonymous

The Liberal Democrat Party and the Conservative Party come at things very differently when it comes to Europe. When it comes to political reform, we have a much greater tradition in the Liberal Democrats of social justice and fairness than the Conservatives do. ~ Nick Clegg

To reform a world, to reform a nation, no wise man will undertake; and all but foolish men know, that the only solid, though a far slower reformation, is what each begins and perfects on himself. ~ Thomas Carlyle

The American Communists had thrived as champions of domestic reform. ~ Earl Browder

They have a policy in China for their big companies called "Go abroad." It's a rational thing for both the company and the country to say, "We want big, successful companies." Particularly in areas where they need it: agriculture, energy, technology. I think banking, too. One or two have bought a trading house. Some have already begun expanding around the world. Of course they're going to have those ambitions. Why wouldn't they? They're just doing it methodically. It's a logical strategy and, well-executed, they will succeed. ~ Jamie Dimon

A man is the sum of his ancestors; to reform him you must begin with a dead ape and work downward through a million graves. ~ Ambrose Bierce

Web banking lets you monitor your spending, tweak your budget, schedule payments, and more, particularly if you marry your online bank with the personal-finance management tools available online. ~ Jean Chatzky

I prefer to call it reform. For reform implies form. ~ G.K. Chesterton

Bring all your power out my friend, and throw away such Gods, such doctrines, such institutions, that impede in the path of human progress. ~ Abhijit Naskar

I went to Washington several times at the request of different parties to talk about education reform. I used to always say I felt like I needed to take a shower after I left, because it was so partisan that I just really hated it. ~ Paul Sadler

Both referred to the Affordable Care Act, which is the accurate title of the health care reform law, as 'Obamacare.' That is a disparaging reference to the President of the United States, it is meant as a disparaging reference to the President of the United States. ~ Debbie Wasserman Schultz

As the leader of Southeast Asia's oldest democracy, I am always keen to share our experiences. In the half-century since independence, we have found that steady reform is the best way to secure lasting stability. It is a process that continues in Malaysia to this day. ~ Najib Razak

Reforms are not an end in itself. Reforms must have a concrete objective. ~ Narendra Modi

The advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and payment, making it easier to stay on track. ~ Suze Orman

Those of us who are condemned as radicals, idealists, and dreamers call for basic reforms that, if enacted, would make peaceful reform possible. But corporate capitalists, now unchecked by state power and dismissive of the popular will, do not see the fires they are igniting. ~ Chris Hedges

It seems quite clear that much of this intense activity for Progressive reform was intended to head off socialism. Easley talked of "the menace of Socialism as evidenced by its growth in the colleges, churches, newspapers." In 1910, Victor Berger became the first member of the Socialist party elected to Congress; in 1911, seventy-three Socialist mayors were elected, and twelve hundred lesser officials in 340 cities and towns. The press spoke of "The Rising Tide of Socialism. ~ Howard Zinn

Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough. ~ Frederic Bastiat

Let my name stand among those who are willing to bear ridicule and reproach for the truth's sake, and so earn some right to rejoice when the victory is won. ~ Louisa May Alcott

Nothing helps a man to reform like thinking of the past with regret. ~ Fyodor Dostoyevsky

You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent. ~ Nouriel Roubini

Those who oppose all reform will do well to remember that ruin in its worst form is inevitable if our national life brings us nothing better than swollen fortunes for the few and the triumph in both politics and business of a sordid and selfish materialism. ~ Theodore Roosevelt

On the most recent battles on health insurance reform, the women led the battle to end gender discrimination by the insurance companies [where] women paid more and got less of a benefit, and also the whole issue of prevention. ~ Barbara Mikulski

And I managed to arrange to get some research support and to stay in Hong Kong for another year and a half, interviewing people coming out of China, both Westerners and Chinese. And that was my first real research study on thought reform or so-called brainwashing. ~ Robert Jay Lifton

Republicans are willing to support and vote for realistic, meaningful financial reform. ~ Marsha Blackburn

No reform ever came from the bottom, and it was always people who understood how the ruling class worked who turned out to be the reformers. ~ Gore Vidal

Our church had an awkward beginning. We grew out of a movement that was dead wrong about the dates and times of Jesus' return. But out of that great disappointment and gross error grew a people devoted to voraciously studying the Bible and banking on being with Jesus as soon as He would allow. ~ Nathan Brown

You've taxed too much, borrowed too much and are a roadblock to reform. ~ David Cameron

There seems to be a lot of momentum behind immigration reform. ~ Justin Amash

Political reform need not go hand in hand with economic liberalization.. I hold unconventional views about this.. I do not believe if you are a libertarian, full of diverse opinions, full of competing ideas in the market place, full of sound and fury, therefore you will succeed. ~ Lee Kuan Yew

God doesn't help anyone, humans do. ~ Abhijit Naskar

We can try to reform healthcare, but the fact is if we don't have a healthy food source, we are only treating the symptoms and not the problems. ~ Daphne Oz

Leaning close to her, I ask, "If not a banker, what do I look like?" She smiles slowly and scrapes the olives off the toothpick with her teeth. "You look like a Chippendales dancer." Fabulous answer. I don't really need to explain to you why, do I? In a low, seductive voice I say, "I do have some great moves. If banking doesn't work out, Chippendales is Plan B. ~ Emma Chase

The world needs the kind of education by means of which character is formed, strength of the mind is increased and the human intellect is expanded beyond its own limits. ~ Abhijit Naskar

Congress and the White House are working out their scheme for pushing through a healthcare 'reform' bill that has more pages than the U.S. Constitution has words. I guarantee you that not a single member of the House or Senate has a complete understanding of that legislation any more than they understood all the implications of the USA PATRIOT Act back in 2001. ~ Butch Otter

In an increasingly connected world it is less likely that a few people 'manage' everyone else. The new environment requires a shift in the organization of both institutions and societies, one of flexible teams of teams that come together around whatever change opportunities exist and then reform around the next. ~ Bill Drayton

It is handsomer to remain in the establishment better than the establishment, and conduct that in the best manner, than to make asally against evil by some single improvement, without supporting it by a total regeneration. ~ Ralph Waldo Emerson

The general culture of investment banking has deteriorated over the years. We did a $6 million deal years ago for Diversified Retailing and we were rigorously and intelligently screened. They bankers cared and wanted to protect their clients. The culture now is that anything that can be sold for a profit will be. 'Can you sell it?' is the moral test, and that's not an adequate test. ~ Charlie Munger