Theodore Roosevelt Quotes
It should be as much the aim of those who seek social betterment to rid the business world of crimes of cunning as to rid the entire body politic of crimes of violence.
Theodore Roosevelt, 1858-1919, 26th President of the United States (Republican, NY), Annual Message to Congress, December 5, 1905
Sourced by: Eigen's Political and Historical Quotations
Marcopolos had discovered the Bernie Madoff Ponzi Scheme Fraud 9 years before the government discovered the largest consumer fraud ($68 billion) in American financial history. He repeatedly sent warnings and explanations to the SEC investigators, most of which turned out to be exactly right. They ignored all of it I an era of deregulation, and never even investigated Madoff to see if there might be anything amiss.
The term “great corporations” had been in common use to indicate large corporations with no implications of quality as “great” would imply today. Search for “great corporations” to see the common usage.
This is the definition of good business that most conservative a business interests prefer. They do not wish to differentiate among the businesses nor do they wish to imply that businesses have any other obligations or desirable characteristics. By this definition, a business that makes money producing adult pornography is as good as one that develops pharmaceuticals; one that creates well paying jobs is as good as one that creates minimum wage jobs or even exports jobs overseas. Complying with the law in a democracy has never been a definition of good citizenship. It is a minimum duty to which all are obliged some businesses enhance the quality of life; others diminish it. This is where many differ with Mr. Longworth.
At this time it was 6 years after the Home Financing Crisis and the Meltdown of 2008 and despite tens of thousands of law violations by the bank, the Justice Department was finally finishing their investigations and requiring some penalties. Other negotiations with other banks were in progress, but no bank executives were going to jail for the millions they handled fraudulently, whereas a burglar who stole household goods would do jail time.
Theodore Roosevelt Jr., often referred to as Teddy or his initials T. R., was an American statesman, conservationist, naturalist, historian, and writer, who served as the 26th president of the United States from 1901 to 1909. He previously served as 33rd governor of New York from 1899 to 1900 and the 25th vice president of the United States from March to September 1901. Roosevelt emerged as a leader of the Republican Party and became a driving force for anti-trust and Progressive policies.
