A Quote by Fareed Zakaria

I'm largely in favor of financial reform. — © Fareed Zakaria
I'm largely in favor of financial reform.
China will continue to adopt multiple measures to advance the reform and opening up of its financial sector so that its financial market can better adapt to financial modernization and globalization.
I'm in favor of doing tax reform, but I think tax reform ought to be revenue neutral as it was back during the [Ronald] Reagan years. We've resolved this issue.
This country, of course, needs fundamental reform of our financial regulatory system, as I, and many other financial institution executives, have publicly advocated for a considerable period.
There is a need for financial reform along ethical lines that would produce in its turn an economic reform to benefit everyone. This would nevertheless require a courageous change of attitude on the part of political leaders.
Mere political reform will not cure the manifold evils which now afflict society. There requires a social reform, a domestic reform, an individual reform.
A favor tardily bestowed is no favor; for a favor quickly granted is a more agreeable favor.
So now we are pushing economic reform, bank reform and enterprise reform. So we can finish that reform this year, in September or October. Then our economy may be much more, you know, normalized.
People who know the economy is rigged in favor of big money, people who know that our middle class continues to decline and we have to go outside of establishment politics and economics, people who know that we need to reform a broken criminal justice system and we need comprehensive immigration reform.
I think, again, the overall intellectual structure of the speech is very much consistent with what Donald Trump has been saying on the campaign trail. He's against free trade. He's against immigration. But he has been in favor of tax reform, and he has been afraid of - in favor of developing American energy sources like through fracking or hydraulic fracturing.
Regulators around the world have achieved an unprecedented level of collaboration since the financial crisis to create global standards for financial institutions. American regulators have largely viewed these international standards as a floor, and imposed higher standards on U.S. institutions.
Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.
As Congress debates overhauling the nation's health care system, it should not authorize a reform plan that would further our financial woes. We must avoid creating an unsustainable government program. There is no question that reform is needed, but health care can be made more affordable without massive and expensive new bureaucracies.
Like all of my colleagues, I believe financial reform is necessary now.
Obama seemed poised to realign American politics after his stunning 2008 victory. But the economy remains worse than even the administration's worst-case scenarios, and the long legislative battles over health care reform, financial services reform and the national debt and deficit have taken their toll. Obama no longer looks invincible.
I want to have a good vote in the Senate so we send the message that the Republicans and the Democrats are together in favor of immigration reform.
Financial regulatory reform is one of the top legislative priorities of the Obama Administration.
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