Paul Singer Quotes

If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.

It's hard to punish and save the banks at the same time.

The Federal Reserve, the Treasury, all the regulator agencies - if there's a problem of the financial mechanism in society, the only one to fix it is government. They've got a legitimate role.

We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.

There's a lot of talk coming from Citigroup about how Dodd-Frank isn't perfect. Let me say this to anyone who is listening at Citi: I agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces.

Since 1840 the United States has had 12 systemic banking crises and Canada has had none …. It all has to do with politics.

I think Dodd-Frank has contributed to a concentration of banking assets in the hands of a small number of banks.

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.

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.

We must learn the lessons of the 2008 crash: no company should be able to become too big to fail.

The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.

Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy.

The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.

The Fed is the major U.S. firefighter. It's not the Treasury. It's not the Congress. We certainly saw that vividly in 2008.

The role of liquidity in systemic events provides yet another reason why, in the future, a more system wide or macroprudential approach to regulation is needed.

The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.

You shouldn't be trying to create a system where no bank fails, but you should be creating one that catches a bank and allows it to fail without impacting the financial markets.

It is probably the case that some regulation of financing will make crises less likely, and I would say higher capital requirements are an almost fail-safe way to make banks safer. But there are a lot of other things that may not be doing that, and so we need to be careful about sort of, like, rushing to one conclusion or another.

What Obama is saying is simple: The United States has become Too Big To Fail.

Financial crises require governments.

The only reason investors haven't run screaming from an obviously corrupt financial marketplace is because the government has gone to such extraordinary lengths to sell the narrative that the problems of 2008 have been fixed.

Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.

I'm really concerned that too-big-to-fail has become too-big-for-trial.

Tell Dr. Madison that we are now willing to submit to his Philadelphia lawyer for head of the Treasury. The public patient is so very sick that we must swallow anything, however nauseous.

Too big to fail is too big.