Wilbur Ross Quotes

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

You cannot have fairness unless you have transparency…We don’t know that is going on inside those boxes … we could have a meltdown [in the entire economy].

Our system must remain solvent as we attempt a solution to this great problem of security. Else we have lost the battle from within that we are trying to win from without.

One of the lessons that I hope people will take out is the extreme dependence simply on the financial sector is really dangerous.

By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.

The purpose is clear. It is safety with solvency. The country is entitled to both.

Limits should be placed on how big big banks can become.

The Social Security trust fund is in pretty good shape today and we should not embark upon risky, dangerous schemes which will, in fact, undermine Social Security, such as privatization.

We should ban banks from risk-taking because society is going to pay the price.

Bailing out every bank that fails makes the system riskier, not safer.

It's always weird when people approach me to make an investment. I tell them, 'I don't need any more money. I'm good.' Then I wait for their expression. That part is entertaining, because people look at you like you're crazy when you say you don't need any more money. Who says that?

Now more than ever is the time to really work on learning a money management system that can work, no matter how low things seem right now.

Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.

I would like to thank the Cypriot people for their maturity and collectedness shown in their interactions with the Cypriot Banks.

Even if you didn't lose your job, if you're one of the two-thirds of Ontarians who don't have a pension, you lost savings. Even if you've earned most of that back now, you are a changed person. You are less secure, less confident. And I understand that.

In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.

Be moderate in prosperity, prudent in adversity.

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.

The main thing during a crisis is discipline, to begin investing in time again after the crisis subsides.

The idea of 'Spoonful' was that it doesn't take a large quantity of anything to be good. If you have a little money when you need it, you're right there in the right spot, that'll buy you a whole lot.

I'm not afraid of having big banks.

Without economic security, liberty is not worth having.

it is easier … to stave off adversity than to preserve prosperity.

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.

Our objective in regulation should be to put in place tough enough regulation and capital and liquidity standards that we level the playing field and make it costly.