John Delaney Quotes

Bank of America is the story of some of the most ambitious, aggressive bank builders on the face of the planet.

Jamie Dimon is doing a great job; J.P. Morgan is a great institution.

I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury.

We don't have sales trading, brokerage, capital lending - any of those kinds of things that got some of the Wall Street firms a little bit in trouble.

People in retail banks are not smart. They have a business model that's quite difficult to not make money out of - but still they somehow manage it.

European and American banks are conservative in the sense that they don't come at their full strength to markets where we are; that leaves us an opportunity to be successful.

If credit unions can grow and prosper with a 15 percent cap, so can banks.

No significant deregulation of financial institutions occurred in the last 30 years.

We are optimistic with respect to thrifts .... I don't think that there is any cause for undue concern and I would reject any suggestion that we are in the midst of some sort of a major systemic problem with respect to any element of our financial services industry.

Regulators around the world have achieved an unprecedented level of collaboration since the financial crisis to create global standards for financial institutions. American regulators have largely viewed these international standards as a floor, and imposed higher standards on U.S. institutions.

You can't look back at the worst financial crisis of our lifetimes that started in 2008 and not have some important lessons about the critical nature of oversights in financial markets and institutions.

The growth that we are targeting for our bank is in line with the banking industry.

The Indian banking industry has always been full of competition, and there is enough room for growth.

I come from a state with many sound, responsible banks.

When I left the Treasury, there was a poll that showed - and I don't remember the numbers exactly right - something like 90% of the people were against TARP. It prevented a disaster, but you don't get credit for a disaster that people don't see.

In the 1990s, the Democratic Party began to cozy up to their long-time enemies: Wall Street Bankers. They took their money and relaxed their regulations until the Great Recession forced the Democrats via Dodd-Frank to re-regulate the banks.

Over time, low rates can put pressure on the business models of financial institutions.

Certainly, some of the anti-bank rhetoric has shifted a little bit, but on either side of the aisle, there seems to be different tacts. On one side of the aisle, you see a proposed scaling back of Dodd-Frank. On the other, a proposed reinstatement of Glass-Steagall.

The number one priority is going to be make sure that banks lend.

I don't think that the financial services industry and that banking in particular are any different than any other part of the economy, any other industry outside banking.

One of the things that the public sector banks need to do is to raise private capital from the market and not rely on government largesse.

Democrats are ready, willing, and able to provide regulatory relief for community banks and credit unions.

The fact that the government had to put up hundreds of billions of dollars to Citibank in guarantees was a public declaration that Citibank was a mess. Making Citibank go through financial restructuring would not have conveyed any more different information. So it's very hard to see why it would have had that kind of a panic if it were done well.

You cannot have the financial system crippled because of lack of decision making and lack of quality people.

When the banks grow to or when these financial institutions grow to such a size that they can't sustain themselves, or what have you, they have problems, economic problems, or financial problems, they shouldn't be able to look back to you and I, the taxpayer, to be bailed out.