A Quote by Thomas Frank

Conservatives may believe that impoverished borrowers destroyed Wall Street. But we liberals will not fool ourselves that stupid bankers sank conservatism for good.

Thomas Frank

Quote Topics

Bankers Believe Borrowers Conservatism Conservatives Destroyed Fool Good Liberals May Ourselves Street Stupid Wall Wall Street Will

Quote Author

Thomas Frank
American - Author
Born: March 21, 1965

f you analyze it I believe the very heart and soul of conservatism is libertarianism. I think conservatism is really a misnomer just as liberalism is a misnomer for the liberals - if we were back in the days of the Revolution, so-called conservatives today would be the Liberals and the liberals would be the Tories. The basis of conservatism is a desire for less government interference or less centralized authority or more individual freedom and this is a pretty general description also of what libertarianism is.

Ronald Reagan

Here's an irony of the history of conservatism's relationship with business and business's relationship with conservatism: 'Wall Street' used to be the right-wing industrialists of the forties and fifties' greatest term of derision. (Wall Street was the place that humiliated them by forcing them, hat in hand, to beg for capital).

Rick Perlstein

To understand the workings of American politics, you have to understand this fundamental law: Conservatives think liberals are stupid. Liberals think conservatives are evil.

Charles Krauthammer

It is a commonplace observation that liberals believe in the perfectibility of man while conservatives believe in the endurance of original sin. Superficially, that would suggest that conservatives take a more understanding and indulgent view of individual lapses, while liberals take a more harshly judgmental one. In fact, we know, quite the opposite is the case.

William A. Henry III

The only difference today between Liberals and Conservatives is that the Liberals go to mass at five o'clock and the Conservatives at eight.

Gabriel Garcia Marquez

Conservatives define themselves more by their hatred of liberals than anything else, and, conversely, liberals by their distaste for conservatives.

Graydon Carter

You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.

Ross Levinsohn

Wall Street can be a dangerous place for investors. You have no choice but to do business there, but you must always be on your guard. The standard behavior of Wall Streeters is to pursue maximization of self-interest; the orientation is usually short term. This must be acknowledged, accepted, and dealt with. If you transact business with Wall Street with these caveats in mind, you can prosper. If you depend on Wall Street to help you, investment success may remain elusive.

Seth Klarman

In a Bloomberg poll, 88% of respondents said that Wall Street bonuses should either be banned outright or taxed at 50%. Just 7% said they should remain an incentive. To put that 7% figure in perspective, 6% of Americans believe the moon landings were a hoax; 7% believe Elvis lives; 24% believe that Barack Obama is a secret Muslim; 41% believe in ESP; and 48% believe in creationism. Americans will believe anything, it seems-except the idea that incentivizing bankers at systemically important institutions to take big risks makes any sense at all.

Felix Salmon

I heard governor Romney here called me an economic lightweight because I wasn't a Wall Street financier like he was. Do you really believe this country wants to elect a Wall Street financier as the president of the United States? Do you think that's the experience that we need? Someone who's going to take and look after as he did his friends on Wall Street and bail them out at the expense of Main Street America.

Rick Santorum

'Nobody goes to jail.' This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth - and nobody went to jail.

Matt Taibbi

I do believe that we should substantially lower student debt in this country, which is crushing millions of people. We pay for it, in my view, by a tax on Wall Street speculation. The middle class bailed out Wall Street in their time of need. Now, it is Wall Street's time to help the middle class.

Bernie Sanders

Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.

Stephanie Cutter

The general difference between conservatives and liberals is that liberals like pretty pictures and conservatives like to build bridges that people can drive across.