A Quote by Ron Crumpton
If Senator Shelby calls his Financial Regulatory Improvement Act anything other than a hand out for the big banks, then he is being untruthful, and the people of Alabama deserve better.
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In reality, Senator Shelby's Financial Regulatory Improvement Act is nothing more than a wish list for the Wall Street bankers that fund his campaign.
Not every change is an improvement but every improvement is a change; you can't do anything BETTER unless you can manage to do it DIFFERENTLY, you've got to let yourself do better than other people!
I voted against H.R. 4293, the Stress Test Improvement Act of 2017, which would modify the regulatory oversight of certain financial institutions in a way that is likely to expose our economy to greater risk.
I am pleased to be part of Promontory's steady efforts to assist banks and other financial firms in meeting legal and regulatory obligations and challenges.
If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.
I bet taxpayers remember providing more than $812 billion to Citigroup and Bank of America, two Wall Street banks, in 2009 to bail them out during the 2008 financial crisis. Taxpayers remember that generosity; big banks evidently don't.
In a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes in the structure of portfolios from occurring. What they can do is keep the asset-equity ratio of banks within bounds by setting equity-absorption ratios for various types of assets. If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.
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.
Regulatory creep usually starts with calls for 'regulatory parity.' The mantra will be, if you are going to impose certain regulations, then it is only fair to stick it to all market participants equally.
If he is anything other than a total gentleman, I’m going to gouge his eyes out.” “So you’re into it.” “Withholding judgment! When can I see you?” “Certainly not until you finish An Imperial Affliction.” I enjoyed being coy. “Then I’d better hang up and start reading.” “You’d better,” I said, and the line clicked dead without another word. Flirting was new to me, but I liked it.
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.
Remember that Abraham Lincoln was a Whig far longer than he was a Republican. As a whole, the Whigs looked upon banks and corporations as a more efficient means of development; the Jacksonian Democrats thought they were the tools of the devil, but Whigs like Lincoln disagreed. During his presidency, Lincoln favored the re-construction of a national financial system, and his most important 'internal improvement' project was the Pacific railroad.
When you're just starting out in the TV business, you don't know anything at all, and you think you're doing a better job than everyone else around you, and you just sort of presume that you're not getting the credit you deserve. And then when you start to get better, the pressure is extraordinary, and then you start to second-guess everything you do, and when people start looking to you for answers, for insight and for analysis and guidance, you start to wonder if you are the right person - even when you have all the information.
Often you see big companies, big banks who are eager to embrace crushing regulatory burdens because they drive up everyone's costs.
My first interaction with Gene was that after I auditioned I walked out of the room and then this big guy walks out with me, and he puts his hand on my shoulder and he says, 'You make my words sound better than they are.' And I said, 'Well, you must be the writer.' And he said 'I'm Gene Roddenberry.' And I had no idea who that was.
The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way.
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