A Quote by Steve Bannon
I think the bailouts in 2008 were wrong. And I think, you look in hindsight, it was a lot of misinformation that was presented about the bailouts of the banks in the West.
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I think the bailouts in 2008 were wrong.
I think Ben Bernanke and Tim Geithner shared the view that they shouldn't be in the business of bailouts, but you know, you're not in the business of bailouts until you frankly think you need to be.
If you think about those bailouts that happened in 2008, that was a situation in which the government gave, at our expense, enormous sums of money to some of the richest people who have ever existed on Earth.
It's not often one gets the chance to write this but, when it comes to the bailouts, especially the euro bailouts, Marxists are right. Working people are being forced to support a privileged few.
During the financial crisis and bailouts of 2008, it probably occurred to very few average people that we were entering a period of hardship for billionaires.
We have the idea of saying that put limitations on bailouts, so that the bailouts don't occur in the future, so that we don't have to do the - look to see AIG situations or Bear Stearns situations or the Fannie Mae or Freddie Mac, which is probably going to be more money spent on those two institutions than the Congress spent on the TARP program.
While the banks got big bailouts, a sizeable chunk of African-American wealth evaporated because so many people lost homes.
In the real world, banks hang onto their money for fear of making bad loans, no matter how many bailouts or stimulus packages Washington passes.
The people of Kentucky have had enough. They have had enough of bailouts for Wall Street banks.
If anything, the bailouts actually hindered lending, as banks became more like house pets that grow fat and lazy on two guaranteed meals a day than wild animals that have to go out into the jungle and hunt for opportunities in order to eat.
There is no one in America more qualified to talk about bailouts than Mitch McConnell.
Public anger over bank bailouts was as much about fairness as the billions of dollars spent.
Bailouts may have been more tolerable in the early 1990s when they were rare and their use for a failing bank was uncertain. That is no longer the case.
Mother Nature does not do bailouts.
Look at the experience of 2008. Who are the countries who negotiated the storms of 2008 best? They were the countries which were able to sit business with labor at the table, with government, and work out a way of getting through the storm. And I don't think that is a controversial statement.
My brother and my father both got laid off around the same that I was starting to do this movie 'Chavez.' And at the same time, it was when all the bailouts were happening.
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