A Quote by Colin Powell
What we have to find is the right level of regulation of our financial system so that it has the incentive to invest in things, but at the same time, it is sufficiently regulated so it can't get in the kind of trouble that we have seen in the past and we have seen recently.
Related Quotes
But our system of regulation must keep up with this. If it fails to keep up, it will hold back economic expansion. We need financial market regulation that works at national and European level.
Financial trouble, financial crisis, medical trouble, I've seen it all. But I never experienced a moment of breakdown or self-doubt, somehow.
I spent my whole career thinking about risk, markets, infrastructure, and regulation. I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic risk counterparty exposures. I began to believe that distributed ledgers had the capability to tackle that problem.
I think things that contribute to the destruction of our free-incentive system are wrong. A trend against that free-incentive system is wrong, and should only be temporarily engaged in, in the event that war or something of that kind requires it. Otherwise, it should be reduced.
I was lucky because I used to live right next to a video-rental store. I used to spend so much time watching films. So I've seen a lot. I used to watch 'Dynasty' and 'Dallas' and have seen every kind of film. I've been influenced by everything I've seen.
As anyone who has recently seen PG-13 movies knows, the level of violence in them has increased to the point of making the Motion Picture Association of America's voluntary rating system meaningless.
Well, as you know, we're working through a difficult period in our financial markets right now, as we work off some of the past excesses. But the American people can remain confident in the soundness and the resilience of our financial system.
India has probably lost its position to China as the world's workshop. At the same time it has the power to be ahead of China when it comes to knowledge. Not that the Chinese are far behind. They will get there. But our challenge is to invest sufficiently in education.
I've seen him be successful throwing the football his sophomore year, I've seen that. I've seen him react through adversity, I have seen that. I'd never seen him react to a new system because we didn't have one. I'd say that'd be the most impressive thing.
Paul Heyman has known my family from before I was even born. He's seen me as a little guy, he's seen me as a medium guy, and now he's seen me full-grown and competing on the same level.
When everybody is playing at the same level, there's so much more noise. And there's less incentive for the people who should be rising above that noise to take time and invest in what they're doing. It just becomes about hustling and grabbing attention.
I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years.
I've seen fire and I've seen rain I've seen sunny days that I thought would never end I've seen lonely times when I could not find a friend But I always thought that I'd see you again.
In a system of capitalism, as people's wealth rises, the financial incentive to serve them rises. As their wealth falls, the financial incentive to serve them falls, until it becomes zero. We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well.
A mate of mine told me recently, 'It's the first time I've seen you work, Worthington.' I thought that was quite funny, but he was right.
The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.
Related Authors
Angela Merkel Quotes
German
Statesman
Bashar al-Assad Quotes
Syrian
Statesman
Condoleezza Rice Quotes
American
Statesman
Edmund Burke Quotes
Irish
Statesman
Fidel Castro Quotes
Cuban
Statesman
Francois Hollande Quotes
French
Statesman
Indira Gandhi Quotes
Indian
Statesman
Kofi Annan Quotes
Ghanaian
Statesman
Lucius Annaeus Seneca Quotes
Roman
Statesman
Madeleine Albright Quotes
American
Statesman
Marcus Tullius Cicero Quotes
Roman
Statesman
Napoleon Bonaparte Quotes
French
Statesman
Nelson Mandela Quotes
South African
Statesman
Thabo Mbeki Quotes
South African
Statesman
Tony Blair Quotes
English
Statesman
Winston Churchill Quotes
British
Statesman