A Quote by Aaron Patzer
At Mint, we developed five pending patents on our technology, ranging from categorization to the Ways to Save system that calculates how much a new financial product would save a user given their present financial situation.
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The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision.
Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
No matter how the financial system is set up, no matter what the economic system is, as long as you have people, you're going to have financial crises; you're going to have bubbles that manifest themselves in the financial system.
We had a mission at PayPal - which was to create a new financial system, a new world currency, and we failed. We were a financial success, but we didn't succeed at the purpose of our company.
The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial system. We need to address it.
If the American government can't stand behind the dollar, the world's benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history.
If we have to save the world from the adverse effects of climate change, then developed nations must lift the deprived with financial and technical resources.
We've given all you people need to know and understand about our financial situation and how we live our life.
A salesman called on my wife the other day and tried to sell her a freezer. You'll save a fortune on your food bills, he promised. I can't tell you how much you'll save. It'll be tremendous. Said my wife: I'm sure you're right, but we're already saving a fortune with our new car by not taking the bus. We're saving a fortune with our new washing machine by not sending out the laundry. We're saving a fortune with our new dishwasher by giving up the maid. The plain truth is that right now we just can't afford to save any more!
The financial crisis of 2008 created a seismic shift in the dynamics of trust in financial services. FinTech would have happened without the global financial crisis - but it would have taken much longer.
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems
My number one financial priority is security. Not having to worry about how I am going to meet the bills and not owing anybody anything. I keep my outgoings as low as possible and save as much as I can.
I would hope that we could have this in an adult fashion and stop demagogueing the issue anytime you talk about any substantive reforms that will actually save social security and save Medicare and save the system from imploding on itself.
Fortunately, when Korea was struck by the 1997/8 financial crisis, that was a good opportunity for us to engage in fundamental reforms and strengthen our financial structure. As a result, our financial regulatory structure and regime have been very much strengthened.
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