Dalton Camp Quotes

The $100 bill may be America's most successful export.

No man's credit is ever as good as his money.

Each economy relies on the credit system, that is, on the erroneous assumption that the other will pay back money pumped.

For, when the credit of a country is in any degree questionable, it never fails to give on extravagant premium, in one shape or another, upon all the loans it has occasion to make. Nor does the evil end here; the same disadvantage must be sustained upon whatever is to be bought on terms of future payment. From this constant necessity of borrowing and buying dear, it is easy to conceive how immensely the expenses of a nation, in a course of time, will be augmented by an unsound state of the public credit.

No country can be complacent in making sure that excessive debt of the household doesn't create excesses and weaknesses in the financial system. Everything is interconnected.

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.

Most companies can survive even if their debt ratings are lowered below investment grade, although they will have higher borrowing costs.

If nobody can sell mortgage-backed securities based on trillions of dollars of unpayable instruments, there's a lot less risk in the overall system.

Money is information, like bits.

All the merchants may break, but the Bank of the United States will not break.

The Japanese financial system … gives higher priority to the interest of banks and other financial institutions than to that of users.

Ours is an economy that depends on the availability of credit at affordable interest rates.

The failure of one regional bank, assuming it is following a traditional model, will not threaten the entire system.

Maturity transformation is a central part of the economic function of banks and many other types of financial intermediaries.

Why do we have financial crises? Why do banks lose money? If history is any guide, it hasn't often been the result of speculative bets. It has been the result of banks making loans to individuals and businesses who can't pay them back.

If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy.

I think, as time passes, people will come to see that the United States' credit standing is really not quite the same level as the ones that we rate AAA.

I don't think Congress, in general, has done a good job articulating to the American public how inextricably linked our credit markets are to our entire economic system.

Money has no feelings.

The financial crisis revealed important weaknesses in many areas of our financial system.

A well-functioning transmission should at some point go from the overnight right up to 40 years, and that is the ultimate objective in having monetary transmission that affects the whole gamut of borrowing tenure.

If investors avoid the Treasury market, we could be unable to pay off maturing securities, which would mean an immediate default. Market participants generally agree that even a brief default would create potentially catastrophic risks to the financial system, like the meltdown of 2008.

Enhanced transparency has helped to reinforce the stability of India's financial system.

We need a system that provides mortgage credit in good times and bad to a broad range of creditworthy borrowers.

The efficiency, credibility, and liquidity of the financial markets have been foundational to the largest economy in the world.