A Quote by Martin Mayer

Deposit insurance has proved to be the crack cocaine of American finance.

Martin Mayer

Quote Topics

American Cocaine Crack Deposit Finance Insurance Proved

Quote Author

Martin Mayer
Writer
Born: 1928

I played a major role in the spread of crack cocaine, the marketing of crack cocaine, the glamorization of crack cocaine. But it's hard to say that it was totally my fault. My judge in Cincinnati told me, "Mr. Ross, I know that the prosecutor and the media and the DEA all want to blame you for this problem, but I sentenced my first drug dealer the year you were born, so I know you're not the cause. This is a problem we've had since before you were born."

Rick Ross

I do not use crack cocaine, nor am I an addict of crack cocaine.

Rob Ford

Pecans are not cheap, my hons. In fact, in the South, the street value of shelled pecans just before holiday baking season is roughly that of crack cocaine. Do not confuse the two. It is almost impossible to make a decent crack cocaine tassie, I am told.

Celia Rivenbark

The policy that received more attention particularly in the past decade and a half or so has been the US cocaine policy, the differential treatment of crack versus powder cocaine and question is how my research impacted my view on policy. Clearly that policy is not based on the weight of the scientific evidence. That is when the policy was implemented, the concern about crack cocaine was so great that something had to be done and congress acted in the only way they knew how, they passed policy and that's what a responsible society should do.

Carl Hart

For some reason, politically there's a distinction between cocaine and crack. Cocaine is not a felony conviction because it's used by middle class and wealthy people. Crack, which is used by people in South Central, carries a felony conviction.

Nick Broomfield

In my day, we didn't have the cocaine, so we went out and knocked somebody over the head and took the money. But today, all this cocaine and crack, it doesn't give kids a chance.

Barry White

Cocaine and crack are essentially the same thing. Cocaine is a middle-class drug. Crack is a poor person's drug, which carries a felony conviction for possession. And once you get this felony conviction, which given that the whole community is pretty much strung out on it, you become basically sidelined into an alternative kind of lifestyle. You become completely marginalized. You can't get public housing, you can't get a lot of jobs, you can't vote. You have a real problem doing anything to get you out of the rut that you're in. You become basically a non - person.

Nick Broomfield

We confuse insurance with our moral obligation to provide health-care services to people. And what we try to do is finance our moral obligation through the insurance system, which punishes the people who are fiscally responsible to buy insurance.

Ron Williams

It's not called cocaine any more. It's now referred to as Crack Classic.

Jay Leno

Unemployment insurance, abolishing child labor, the 40-hour work week, collective bargaining, strong banking regulations, deposit insurance, and job programs that put millions of people to work were all described, in one way or another, as 'socialist.' Yet, these programs have become the fabric of our nation and the foundation of the middle class.

Bernie Sanders

Sugar is responsible for a lot of deaths. Arguably more than crack cocaine.

Guy Ritchie

American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.

Llewellyn Rockwell

Be careful. Journalism is more addictive than crack cocaine. Your life can get out of balance.

Dan Rather

Well, I'm telling them two things. One is that, look, this is going to be something when the American people realize - once it's passed - that, A, it does take care of preexisting conditions; B, you're insurance rates aren't going to skyrocket; C, the insurance companies aren't going to be running the show like they were before; D, you're going to be in a position where you can keep your insurance that you have. That once the American public realizes that, you're going to get a reward for this. They're going to be rewarded.

Joe Biden

Yes, I have smoked crack cocaine. But do I? Am I an addict? No. Have I tried it? Probably in one of my drunken stupors, probably approximately about a year ago.

Rob Ford

Crack is cheap. I make too much money to ever smoke crack. Let's get that straight. OK? We don't do crack. We don't do that. Crack is whack.