A Quote by Elizabeth Warren
I'm really concerned that too-big-to-fail has become too-big-for-trial.
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I'm really concerned that 'too big to fail' has become 'too big for trial'.
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.
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.
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.
No bank should be too big or too complex to fail, but almost any bank is too big to liquidate quickly, particularly in the midst of a crisis.
If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.
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.
Liberalism is wrong because it doesn't work. If a company is too big to fail, it is too big to exist.
If a financial institution is too big to fail, it is too big to exist.
Folks, this government isn't too big to fail, it's too big to succeed.
Any bank that is too big to fail is too big. Period.
If one sins against the laws of proportion and gives something too big to something too small to carry it - too big sails to too small a ship, too big meals to too small a body, too big powers to too small a soul - the result is bound to be a complete upset. In an outburst of hubris the overfed body will rush into sickness, while the jack-in-office will rush into the unrighteousness that hubris always breeds.
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.
Ellen had said that her mother was afraid of the ocean, that it was too cold and too big. The sky was, too, thought Annemarie. The whole world was: too cold, too big. And too cruel.
Obama isn't just too big to fail. He's too big to know. Obama is so vital to the country and to the world, he must be kept out of the loop in order to save him from his failed presidency.
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