A Quote by Robert Reich
Limits should be placed on how big big banks can become.
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Fannie Mae and Freddie Mac - two bloated and corrupt government-sponsored programs - contributed heavily to the crisis.In order to prevent another crisis, we need to do what we should have done years ago - reform Fannie Mae and Freddie Mac. We also need to repeal Dodd-Frank, the Democrats' failed solution. Under Dodd-Frank, 10 banks too big to fail have become five banks too big to fail. Thousands of community banks have gone out of business.
The financial markets are rigged by the big banks, the Federal Reserve, and the Treasury in the interests of the profits of the few big banks and the dollar's exchange value, which is the basis of U.S. power.
I think there's a disconnect between political leaders and young voters around a lot of things related to the private sector. For example, a lot of politicians continue to attack big banks. While I'm not a defender of big banks, my sense is younger voters have had generally pretty good experiences with banks.
The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a few private banks doing well. Does the government of India really require this number of public sector banks?
Donald Trump is going to win. Donald Trump is going to win because in the end, the country is not going to reward big banks and big unions and big bureaucracies and big donors and big corruption by voting for a big liar.
Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was referring to some of the European banks shedding assets, and the big buyers are probably not going to be big American banks. Someone like Blackstone may have a very good chance to buy those assets, leverage them, borrow up a little bit, and do something good there.
As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big.
Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.
You are what you think. So just think big, believe big, act big, work big, give big, forgive big, laugh big, love big and live big.
Separating out banks and investment banks right now under Glass-Steagall would have very big implications to the liquidity and the capital markets and banks being able to perform necessary lending.
Neofascism in the United States takes the form of big money, big banks, big corporations, tied to xenophobic scapegoating of the vulnerable, like Mexicans and Muslims and women and black folk, and militaristic policies abroad, with strongman, charismatic, autocratic personality, and that's what Donald Trump is.
My fantasy is to break up the big banks. I wish we would end 'too big to fail' in our banking system.
Their [American banks] big issue will be if they want to deal with the biggest companies, which are doing a lot of business overseas. How they do that is a big question. It's almost impossible to build a global investment bank from scratch. If they want to do that, they probably will have to do an acquisition.
Through an unwieldy combination of big government, big military, big business, big labor and big cities, we have created an unworkable mega-nation which defies central management and control. Not only is the United States too big, but it has also become too authoritarian and too undemocratic, and its states assume too little responsibility for the solution of their own social, economic, and political problems.
After Dodd-Frank, the big banks were bigger. The small banks are fewer.
If you're big in Montreal, you're big in Quebec. If you're big in Toronto, you're big in Canada. But if you're big in New York, you're big in the rest of the world.
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