Elizabeth Warren Quotes

Too big to fail is too big.

You can't have some institutions that are protected by the law, not allowed to fail, and not held to account, and all the other companies in America are allowed to fail. You can't have equal justice under law and too big to fail.

No one suggested Lehman deserved to be saved. But the argument has been made that the crisis might have been less severe if it had been saved, because Lehman's failure created remarkable uncertainty in the market as investors became confused about the role of the government and whether it was picking winners and losers.

Banks too big to fail are too big to be regulated or controlled by the Federal Government.

Not one criminal charge has ever been brought to any bank executive associated with the 2008 crisis. And in fact, it gets worse. No bonuses and none of their equity was taken.

If a financial institution is too big to fail, it is too big to exist.

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

As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big.

As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.

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

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 heart of the 2008 financial crisis was a coterie of reckless financial executives, working for too-big-to-fail financial companies, who were handsomely compensated for taking risks that almost ruined the economy when they failed.

Businesses have no place being 'too big to fail.'

We must limit the perception that some institutions are either too big or too interconnected to fail.

Where human lives are concerned, time is always short, yet the world has witnessed the vast resources that governments can draw upon to rescue financial institutions deemed 'too big to fail.'

The idea that the largest banks in the world would simultaneously fail, need government support, government guarantees, and/or government intervention to survive was not in my range of realistic scenarios.

I don't want to create a too-big-to-fail player.

The idea that either individuals or organisations are 'too big to fail' or that the tech and start-up sector is somehow different is wrong.

Limiting the destructive risk-taking by large financial firms and banks which are 'too big to fail' is needed.

No single housing finance institution should be too big to fail.

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 talk about institutions that are too big to fail - I think the story is as much about people who think they are too big to fail.

Governments need to be authorized to provide 'open bank assistance.' The convolutions of Dodd-Frank aimed at 'avoiding' this tactic are ludicrous and will prove to be extremely costly to the system.

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.

Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard,' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again.