A Quote by Richard Shelby

I believe that we have to have a new regulatory regime for our financial system.

Richard Shelby

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Richard Shelby
American - Politician
Born: May 6, 1934

Fortunately, when Korea was struck by the 1997/8 financial crisis, that was a good opportunity for us to engage in fundamental reforms and strengthen our financial structure. As a result, our financial regulatory structure and regime have been very much strengthened.

Lee Myung-bak

For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.

Henry Paulson

This country, of course, needs fundamental reform of our financial regulatory system, as I, and many other financial institution executives, have publicly advocated for a considerable period.

Stephen A. Schwarzman

I believe that the financial crisis of 2008/9 exposed more a lack of ethics and morality - especially by the financial sector - rather than a problem of regulation or criminality. There were, of course, regulatory lessons to be learned, but at heart, there was a collective loss of our moral compass.

Paul Polman

We had a mission at PayPal - which was to create a new financial system, a new world currency, and we failed. We were a financial success, but we didn't succeed at the purpose of our company.

Luke Nosek

The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial system. We need to address it.

Ben Bernanke

Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear.

Paul Singer

I do sense that the financial system is under the gun. In order to keep our system and economies moving globally, there's the need to extend new money.

Henry Kaufman

I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.

Nouriel Roubini

When our financial system - essentially our money managers, marketers of investment products and stockbrokers - put up zero percent of the capital and assume zero percent of the risk yet receive fully 80% of the return, something has gone terribly wrong in our financial system.

John C. Bogle

At Mint, we developed five pending patents on our technology, ranging from categorization to the Ways to Save system that calculates how much a new financial product would save a user given their present financial situation.

Aaron Patzer

If Congress wants to reform our nation's air traffic control system, it must do so without creating new mandatory user fees and additional layers of regulatory bureaucracy.

Mike Pompeo

No matter how the financial system is set up, no matter what the economic system is, as long as you have people, you're going to have financial crises; you're going to have bubbles that manifest themselves in the financial system.

Henry Paulson

We had lead emitted in gasoline and in paint, painting generations of housing for an entire century, practically, before it was regulated. That's what I'm talking about, is that we have a regulatory system that is biased to protect profit and not to protect people. We need a much more precautionary and proactive regulatory system that is not influenced by the revolving door.

Jill Stein

What built America's called the American system, from Hamilton to Polk to Henry Clay to Lincoln to the Roosevelts. A system of protection of our manufacturing, financial system that lends to manufacturers, OK, and the control of our borders.

Steve Bannon

Our mission is to accelerate the development of a better financial system; it's not just development of a better Bitcoin financial system, and so we want to back the best teams, who have the biggest ideas, unique solutions to big problems.

Barry Silbert

A Quote by Richard Shelby

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