A Quote by George Osborne

We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.

George Osborne

Quote Topics

About Bail Banks Big Deeply Fail Need Only Potentially Sustain Think Too Whether

Quote Author

George Osborne
British - Politician
Born: May 23, 1971

Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.

Andrew Ross Sorkin

Fannie Mae and Freddie Mac - two bloated and corrupt government-sponsored programs - contributed heavily to the crisis.In order to prevent another crisis, we need to do what we should have done years ago - reform Fannie Mae and Freddie Mac. We also need to repeal Dodd-Frank, the Democrats' failed solution. Under Dodd-Frank, 10 banks too big to fail have become five banks too big to fail. Thousands of community banks have gone out of business.

Carly Fiorina

It is worth noting that 'too big to fail' is not simply about size. A big institution is 'too big' when there is an expectation that government will do whatever it takes to rescue that institution from failure, thus bestowing an effective risk premium subsidy. Reforms to end 'too big to fail' must address the causes of this expectation.

Jerome Powell

We talk about institutions that are too big to fail - I think the story is as much about people who think they are too big to fail.

Andrew Ross Sorkin

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

Kenneth C. Griffin

Through an unwieldy combination of big government, big military, big business, big labor and big cities, we have created an unworkable mega-nation which defies central management and control. Not only is the United States too big, but it has also become too authoritarian and too undemocratic, and its states assume too little responsibility for the solution of their own social, economic, and political problems.