Steve Bannon Quotes

Most of us are aware of the sacrificial slaughter of Bear Sterns. Some people call it a bailout, but I call it a handout - a government handout to some of the richest people on Earth, paid for by American taxpayers.

Public anger over bank bailouts was as much about fairness as the billions of dollars spent.

I won't dispute that bankers' privileged treatment in the 2008 crash merits populist scorn. But unfortunately, without a bank bailout, there probably would have been a worldwide depression.

The Bush White House sold out the birthright of the Republican Party by bailing out Wall Street.

Most Ohioans would be surprised to know that the same Wall Street megabanks which received bailouts from taxpayers in 2009 also receive taxpayer-funded advantages today simply because of their 'too big to fail' status.

The Tea Party movement and the Occupy movement were both, in a sense, complaining about the same thing, namely the use of public money to rescue failed banks.

If you think about those bailouts that happened in 2008, that was a situation in which the government gave, at our expense, enormous sums of money to some of the richest people who have ever existed on Earth.

The people of Kentucky have had enough. They have had enough of bailouts for Wall Street banks.

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.

Taxpayers have put more than $24 trillion on the line to resuscitate Wall Street after the economic meltdown of last year. With the help of this massive taxpayer support, the nation's largest banks are posting record profits.

Obama came in and gave $700 billion to the bankers off the top as opposed to giving $700 billion to the poor.

The business of America shouldn't be subsidizing business.

My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We'll run into the hundred of millions to prop these companies up.

Tea Party people know that I stood against the Wall Street scam from Day One, that I voted against TARP, that I voted against repealing Glass-Steagall Act that kept these guys under some control.

The Tea Party grew out of indignation over the Wall Street bailout - an indignation shared by the vast majority of Americans. But the Tea Party ended up directing its ire at government rather than at big business and Wall Street.

Washington is broken. Bailing out Wall Street with no strings attached while leaving middle class Arkansas taxpayers with the bill. Protecting insurance company profits instead of patients and lowering health costs.

In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals - firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS.

Too big to fail is too big.

The charge that [Tim] Geithner advocated taxpayer relief for Wall Street regardless of the community’s sins, will probably follow him to his grave.

I think the bailouts in 2008 were wrong.

I opposed the bailout of banks and car companies.

As American citizens, if you believe all banks were bailed out, you would hate banks. I would, too.

I opposed the Medicare prescription drug entitlement. I opposed the Wall Street bailout. I opposed the stimulus bill.

I have a lot of sympathy with the ideas and frustration of the Occupy movement. I absolutely agree with the sense that Wall Street has brought an economic calamity to the middle class and that no one has been held accountable.

People forget... that we structured it so that the government, or the people, would be repaid with a really good rate of return. And as it turns out, that aspect of TARP, that's what happened.