A Quote by Nassim Nicholas Taleb

Bailing out every bank that fails makes the system riskier, not safer.

Nassim Nicholas Taleb

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Bailing Out Bank Every Fails Makes Out Safer System

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Nassim Nicholas Taleb
Lebanese - Scientist
Born: 1960

Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.

Thomas Sowell

You shouldn't be trying to create a system where no bank fails, but you should be creating one that catches a bank and allows it to fail without impacting the financial markets.

Bob Diamond

So, it's pretty crazy. Look, we're bailing out Wall Street, we're bailing out banks, we're bailing out car companies. In fact, did you know there's a special box on your tax form this year you can check if you want a portion of your taxes to actually go to running the government?

Jay Leno

In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing out Lehman were bad, the politics of bailing out A.I.G. would have been worse. And the systemic risk that a failure of A.I.G. posed was orders of magnitude greater than Lehman's collapse.

Andrew Ross Sorkin

Our whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time.

John Adams

In today's world, working for yourself is actually the safer route, and working for a corporation has become the riskier proposition.

Paul Zane Pilzer

When government is... bailing out banks... we have every good reason to be alarmed.

Mitt Romney

Patience gives your spouse permission to be human. It understands that everyone fails. When a mistake is made, it chooses to give them more time that they deserve to correct it. It gives you the ability to hold on during the rough times in your relationship rather than bailing out under the pressure.

Stephen Kendrick

We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as having an overall duty to keep the system solvent. Otherwise, there could be dangerous delays if a banking crisis did hit.

John Redwood

Remember we had two Democratic houses of Congress along with the [Barack] Obama administration that laid out those policies before they lost Congress because people were very disappointed in what the Obama administration did - bailing out Wall Street instead of bailing out Main Street. So as someone who follows the climate very closely, there's no question that "all of the above" has been an absolute disaster.

Jill Stein

If a bank fails in China, they behead the men at the top of it that was responsible... If we beheaded all of ours that were responsible for bank failures, we wouldn't have enough people left to bury the heads.

Will Rogers

I have no interest in bailing out anybody, quite frankly, and I think banks have to suffer every dollar of loss if they make a bad loan.

Edward Conard

When I first came into parliament, there was, on average, a by-election every three months - due not to MPs bailing out, but because of the death rate.

David Blunkett

When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.

James Rickards

You could carve out the inside of a brick and hide your money in it for safe keeping. It’s certainly safer than keeping it in the bank!

Nicole McKay

Admitting weakness seems to be such a severe psychic threat for Bush that when he makes a mistake it's safer just to reinforce it. The strategy creates a perverse system of rewards and punishments.

Tina Brown

A Quote by Nassim Nicholas Taleb

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