A Quote by Rand Paul
If you have 'too big to fail' for cities or for states, and they believe they'll be bailed out, they'll continue to make unwise decisions.
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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.
Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.
When you have three out of the four largest banks in America today, bigger than they were - significantly bigger than when we bailed them out because they were too big to fail, I think if Teddy Roosevelt were alive today, a good Republican by the way, what he would say is: Break them up; they are too powerful economically; they are too powerful politically.
My biggest past mistakes have been when I made decisions out of ego rather than spirit. When I acted too quickly. When I wasn't contemplative or reflective or prayerful enough, and I ended up making what I would only later see to be unwise decisions.
To make decisions while infuriated is as unwise and foolish as it is for a captain to put out to sea in a raging storm.
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.
But to procrastinate and prevaricate simply because you're afraid of erring, when others - I mean our brethren in Germany - must make infinitely more difficult decisions every day, seems to me almost to run counter to love. To delay or fail to make decisions may be more sinful than to make wrong decisions out of faith and love.
There are almost no beautiful cities in America, though there are many beautiful parts of cities, and some sections that are glorious without being beautiful, like downtown Chicago. Cities are too big and too rich for beauty; they have outgrown themselves too many times.
What Obama is saying is simple: The United States has become Too Big To Fail.
We have to allow people in the states to make their own decisions, to get government agencies out of the way and let local people make decisions about what's best for them.
We're still under the weight of this impression that the ocean is too big to fail, that the planet is too big to fail.
And as a Member of this body, I believe firmly that States do have rights, and I believe that local communities have rights, and they have made decisions to allow these businesses to prosper as they are a big part of their economy.
When we first got married, we made a pact. It was this: In our life together, it was decided I would make all of the big decisions and my wife would make all of the little decisions. For fifty years, we have held true to that agreement. I believe that is the reason for the success in our marriage. However, the strange thing is that in fifty years, there hasn’t been one big decision.
Too many dogs continue to be abused and abandond - one is too many - and people continue to kill people for money and envy and no reason at all. Bad people succeed and good people fail, but that's not the end of the story. Miracles happen that nobody sees, and among us walk heroes who are never recognised, and people live in loneliness because they cannot believe they are loved
As American citizens, if you believe all banks were bailed out, you would hate banks. I would, too.
The big banks advise cities about whether privatization is a wise choice. They also control the ability of states and cities to access the market for their financing needs.
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