A Quote by Jerry A. Webman

The Greek debt issue, for example, is such a threat because if that country ever defaulted, it might cause some bank that's 'too big to fail' to actually fail.

Jerry A. Webman

Quote Topics

Actually Bank Because Big Cause Country Debt Ever Example Fail For Example Greek Issue Might Some Threat Too

Quote Author

Jerry A. Webman
Economist

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.

Henry Paulson

There's no checklist of how democracies fail because they fail in different ways. Some of them fail because they break up and civil war breaks out... Often they fail because someone is elected to power who doesn't respect the rules of the democracy.

Anne Applebaum

There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank.

George Osborne

You can't have some institutions that are protected by the law, not allowed to fail, and not held to account, and all the other companies in America are allowed to fail. You can't have equal justice under law and too big to fail.

Eric Schneiderman

If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.

Martin O'Malley

Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.

Andrew Ross Sorkin

We support too big to fail. We want the government to be able to take down a big bank like JP Morgan and it could be done. We think Dodd-Frank, which we supported parts of, gave the FDIC the authority to take down a big bank.

Jamie Dimon

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.

Jerome Powell

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.

Sylvia Earle

If you run a website that doesn't have something that's terrible on it, you are not trying hard enough. You have to fail, fail, fail. You have to fail and fail miserably many times.

Erik Wemple

Any bank that is too big to fail is too big. Period.

Robert Reich

If you're going to fail, you might as well fail at the big ones.

Dean Kamen

A backup plan means somewhere in my head, I think I might fail and that word is not in my vocabulary. Plus I'm too talented to fail.

Malorie Blackman

The only way to make sure no bank is too big to fail is to make sure no bank is too big.

Robert Reich

At least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we'll all be paying for until the end of time.