A Quote by James Surowiecki

On Wall Street, fraudulent schemes tend to thrive during economic booms, and to blow up when times turn tough.

James Surowiecki

Quote Topics

Blow Economic Fraudulent Schemes Street Tend Thrive Times Tough Turn Up Wall Wall Street

Quote Author

James Surowiecki
American - Journalist
Born: April 30, 1967

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

The last 15 years we had one of the biggest economic booms. But I think a few bubbles have burst in a few countries. So we are all going through the same things. But let's say Ireland, in the '70s and the '80s was tough, but if you grow up with a tough background it makes you strong.

Gavin Friday

I heard governor Romney here called me an economic lightweight because I wasn't a Wall Street financier like he was. Do you really believe this country wants to elect a Wall Street financier as the president of the United States? Do you think that's the experience that we need? Someone who's going to take and look after as he did his friends on Wall Street and bail them out at the expense of Main Street America.

Rick Santorum

There are those on Wall Street and in the plutocracy who feel that Geithner is a hero who deftly steered the country from economic ruin. To many ordinary Americans, however, he is considered a Wall Street puppet and a servant of the so-called banksters.

Andrew Ross Sorkin

The only sure way to stop excessive risk taking on Wall Street so you don't risk losing your job, or your savings or your home, is to put an end to the excessive economic and political power of Wall Street by busting up the big banks.

Robert Reich

Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.

Stephanie Cutter

I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street.

Ben Bernanke

Wall Street owns the country. It is no longer a government of the people, for the people and by the people, but a government for Wall Street, by Wall Street, and for Wall Street. The great common people of this country are slaves, and monopoly is the master…Let the bloodhounds of money who have dogged us thus far beware.

Mary Elizabeth Lease

Main Street versus Wall Street was the 2008 economic mantra of Democrat Barack Obama.

Nina Easton

You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.

Ross Levinsohn

No man can control Wall Street. Wall Street is like the ocean. No man can govern it. It is too vast. Wall Street is full of eddies and currents. The thing to do is to watch them, to exercise a little common sense, and … to come out on top.

Jay Gould

We ought to say, "Occupy Wall Street, not Iraq," "Occupy Wall Street, not Afghanistan," "Occupy Wall Street, not Palestine." The two need to be put together. Otherwise people might not read the signs.

Arundhati Roy

If you think Wall Street has a short memory, you're dead wrong. No, the folks who work on Wall Street, regulate Wall Street - and, above all, invest in its wares, notably its hedge funds - don't have a bad memory. They don't have any memory at all.

Gary Weiss

Wall Street wants to keep its schemes too complicated to understand so that the roulette wheel can keep turning.

Maria Cantwell

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.