Steve Eisman Quotes

I want to say very clearly that the government... is ready to intervene in order to guarantee the stability of banks and the savings of our citizens.

Talking about Korea, it has pretty high capital ratios at banks and maintains a good credit rating.

There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.

To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can reduce liquidity premiums, help restore the confidence of investors, and thus promote stability.

The job of the Central Bank is to worry.

The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly.

I'm not afraid of having big banks.

Most certainly it was a very wrong step to Crush the Private Bank, and set up this Publick Bank in its place

Governments should ensure the adequate capitalization of domestic banks, so that these banks won’t have to be bailed out by the IMF [International Monetary Fund].

We demand that postal savings banks be established by the government for the safe deposit of the earnings of the people and to facilitate exchange.

If by carelessness in controlling inflation and imposing controls on our general economy we are unable to meet these temporary but vital calls upon us, we will be courting real disaster.

Monetary stability is a cornerstone of the social contract.

People expect central banks to be their saviors.

As much as the banking system may not be terribly popular, it is an essential part of the economy.

I believe that the root cause of every financial crisis, the root cause, is flawed government policies.

Making economic policy isn't a popularity contest, especially when financial markets are in a panic.

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 don't think the government needs to be frightened of the banks in the slightest.

Yes, we can pay the interest on the debt. We can renew the $500 billion worth of bonds that are coming due. We can mail out our Social Security checks. We can make sure those Medicare claims are honored. We can pay our military. We can protect our veterans. But when you get beyond that, the soup gets a little thin.

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.

Governments aren't going to go away; banks aren't going to go away.

The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

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.

Well obviously the economy is critical to everything we do and we need to get the economy back in shape, the deficit down, the debt paid off, so that the economy can grow again and grow properly.