A Quote by Bill Gross

Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007?

Bill Gross

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Bankers Buccaneers Capital Crisis Early Guidance Homeowners Investment Long Long-Term Management Million Possible Provide Rescue Street Term Throw Wall Wall Street Why Wolves

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Bill Gross
American - Businessman
Born: April 13, 1944

I founded SkyBridge - an alternative investment management company focused on seeding and partnering with emerging managers and mentoring Wall Street's next generation of Wall Street's entrepreneurs - in 2005.

Anthony Scaramucci

Wall Street can be a dangerous place for investors. You have no choice but to do business there, but you must always be on your guard. The standard behavior of Wall Streeters is to pursue maximization of self-interest; the orientation is usually short term. This must be acknowledged, accepted, and dealt with. If you transact business with Wall Street with these caveats in mind, you can prosper. If you depend on Wall Street to help you, investment success may remain elusive.

Seth Klarman

I think the money for the solutions for global poverty is on Wall Street. Wall Street allocates capital. And we need to get capital to the ideas that are successful, whether it's microfinance, whether it's through financial literacy programs, Wall Street can be the engine that makes capital get to the people who need it.

Kabir Sehgal

Thank you, Occupy Wall Street. With your vivid example of anticapitalist squalor, I've been able to convince all three of my children to become investment bankers.

P. J. O'Rourke

Who passed Wall Street deregulation that enabled the meltdown of Wall Street and the disappearance of nine million jobs, the theft of 5 million homes?

Jill Stein

Here's an irony of the history of conservatism's relationship with business and business's relationship with conservatism: 'Wall Street' used to be the right-wing industrialists of the forties and fifties' greatest term of derision. (Wall Street was the place that humiliated them by forcing them, hat in hand, to beg for capital).

Rick Perlstein

On the Glass-Steagall thing, like I said, if you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence. But I can't blame [the Republicans]. This wasn't something they forced me into. I really believed that given the level of oversight of banks and their ability to have more patient capital, if you made it possible for [banks] to go into the investment banking business as continental European investment banks could always do, that it might give us a more stable source of long-term investment.

William J. Clinton

The next Wall Street crash is just around the corner. The meltdown of the climate is coming. The wolves are at the door, all kinds of them. We need to stand up and provide the solutions that are there, that are affordable.

Jill Stein

After all, Wall Street is clearly the most powerful lobbying force on Capitol Hill. From 1998 through 2008, the financial sector spent over $5 billion in lobbying and campaign contributions to deregulate Wall Street.

Bernie Sanders

The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.

James Surowiecki

The culture of the mutual fund industry, when I came into it in 1951, was pretty much a culture of fiduciary duty and investment, with funds run by investment professionals. The firm I worked with, Wellington Management Co., they had one fund. That was very typical in the industry... investment professionals focused on long-term investing.

John C. Bogle

I represented Wall Street, as a senator from New York, and I went to Wall Street in December of 2007 - before the big crash that we had - I basically said, 'Cut it out! Quit foreclosing on homes! Quit engaging in these kinds of speculative behaviors.'

Hillary Clinton

One of the issues with some of these lenders is going to be, where will their provider of credit be when there's a crisis? That's why some of these smarter services, to support their operations, are courting more permanent capital. They want a source of longer-term funding that can survive a crisis.

Jamie Dimon

In 2007, early in the improbable presidential candidacy of Barack Obama, the young first-term senator began a series of foreign-policy speeches that seemed too general to provide a guide to what he might do if elected.

Elliott Abrams

What we call a financial crisis is really at its core a crisis of management, and not just a crisis of management, but a crisis of management culture. ...In other words, what you had is a detachment of people who know the business from people who are running the business.

Henry Mintzberg

It appears that Wall Street is not acting as a force for economic expansion, providing access to capital for companies that make things. Rather, it seems, Wall Street is using government bailouts to lever up.

Maria Cantwell

A Quote by Bill Gross

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