A Quote by Henry Paulson
It's hard to punish and save the banks at the same time.
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Why is it so easy to save the banks - but so hard to save the biosphere?
If you punish the banks, all you are doing is reducing the banks' capital, which you want to increase, and punishing shareholders, who have done nothing wrong.
If the government has any courage, it will punish those at the top of failed banks. Accountability is critical in every area of human endeavour - there has to be a penalty for failure; otherwise, it's only a matter of time before the economic pain our banks have caused to so many innocent businesses and homeowners is forgotten.
Obama had to save the banks, sure, but he didn't have to save the bankers and the shareholders and the bondholders. We broke the rules of capitalism in order to save those at the top - as we always do.
And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place.
It's increasingly clear that governments, major corporations, banks, universities and other such bodies view the defense of their secrets as a desperate matter of institutional survival, so much so that the state has gone to extraordinary lengths to punish and/or threaten to punish anyone who so much as tiptoes across the informational line.
If you do the same thing every day at the same time for the same length of time, you'll save yourself from many a sink. Routine is a condition of survival.
Most Swiss banks do have a whistleblower program, but they use it to punish those who avail themselves of it.
The object of a bunker or trap is not only to punish a physical mistake, to punish lack of control, but also to punish pride and egotism.
Commercial banks - that is, fractional reserve banks - create money out of thin air. Essentially, they do it in the same way as counterfeiters.
To save the banks from making losses that would wipe out their net worth, you'll have to get rid of Social Security. It means that you'll essentially have to abolish government and turn it over to the banking system to run, with an idea that the role of governments is to extract income from the economy to pay to the bondholders and the banks.
Capping the size of American banks won't eliminate the needs of big businesses; it will force them to turn to foreign banks that won't face the same restrictions.
The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers to be able to borrow enough money to buy the houses from mortgage defaulters, and thus save the banks from suffering from more mortgage defaults.
I am persuaded that the people of the world have no grievances, one against the other. The hopes and desires of a man who tills the soil are about the same whether he lives on the banks of the Colorado or on the banks of the Danube.
The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.
You are treating yourself in present time much as you were treated by others in the past. And you punish yourself far more than anyone would ever punish you.
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