A Quote by Noam Chomsky

A financial institution has the task of taking risks, and if it's a well run institution - say, Goldman Sachs - it tries to cover the potential losses to itself, but only to itself.

Noam Chomsky

Quote Topics

Cover Financial Goldman Sachs Institution Itself Losses Only Potential Risks Run Say Taking Taking Risks Task Tries Well

Quote Author

Noam Chomsky
American - Activist
Born: December 7, 1928

The institutions of Churchianity are not Christianity. An institution is a good thing if it is second; immediately an institution recognizes itself it becomes the dominating factor.

Oswald Chambers

It is a fundamental principle that every institution must be accountable to an authority which is independent of that institution. Yet somehow, the judiciary has propagated a view that the judiciary can only be accountable to itself.

Prashant Bhushan

Goldman Sachs was fundamentally responsible for the crash of 2008, but by that time its former Chairman and Chief Executive Officer, Henry 'Hank' Paulson, had been installed as US Treasury Secretary to begin the bank bail out policy, with enormous benefit to Goldman Sachs, in the closing weeks of the Bush administration. Goldman Sachs was also instrumental in the collapse of the economy in Greece that started the 'euro panic' that later engulfed Ireland.

David Icke

I've nothing against Goldman Sachs. But Goldman Sachs isn't an investment bank. Goldman Sachs is a hedge fund. It's bigger than any hedge fund. It's more leveraged, to the power of three or five, than any hedge fund.

Nouriel Roubini

Sometimes I fear that, if Harvard does not give up trying to turn itself from an Institution of Learning into an Educational Institution, we may have a generation of professors whose duty it will be to disseminate information which they have not the time to acquire.

Edwin Boring

There is only one institution that can arrogate to itself the power legally to trade by means of rubber checks: the government. And it is the only institution that can mortgage your future without your knowledge or consent: government securities (and paper money) are promissory notes on future tax receipts, i.e., on your future production.

Ayn Rand

I'm not sure that it's right to view this as excluding a particular group. When the institution of marriage developed historically, people didn't get around and say, 'Let's have this institution, but let's keep out homosexuals.' The institution developed to serve purposes that, by their nature, didn't include homosexual couples.

John Roberts

Science is the only self-correcting human institution, but it also is a process that progresses only by showing itself to be wrong.

Allan Sandage

Because I wrote a book about Goldman Sachs. And I know that, from talking to people at Goldman Sachs, that Trump is the poster child for the kind of client they don't want to do business with, mainly because he would borrow all this money from Wall Street to build his casinos, and then didn't pay it back.

William D. Cohan

It is perfectly clear, in the first place, that the constitution of the United States did not, of itself, create or establish slavery as a new institution; or even give any authority to the state governments to establish it as a new institution. The greatest sticklers for slavery do not claim this.

Lysander Spooner

Perhaps more to the point for TBTF (Too Big To Fail bank), if a SIFI (Systemically Important Financial Institution) does fail I have little doubt that private investors will in fact bear the losses-even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution

Jeremy C. Stein

Nothing provides the antidote to narcissism, or the environment for the healthy raising of children, or the way for people to take care of one another, as does the marriage of a man and a woman. And while most divorces are terribly sad, divorce itself no more undermines the institution of marriage than car crashes undermine the institution of driving.

Dennis Prager

The Justice Department needs to investigate how Goldman Sachs was able to steer things in such a manner through their former employees in the Bush administration, so that in the end Goldman's competitors have disappeared and Goldman is left standing.

Michael Moore

It is therefore our business to restore economic freedom through the restoration of the only institution under which it flourishes, which institution is Property. The problem before us is, how to restore Property so that it shall be, as it was not so long ago, a general institution.

Hilaire Belloc

Government is not a human institution. It is a divine institution that humans are to run on His behalf. When they create their own rules, then they become against the creator and what He intended for government to do.