Eric Schneiderman Quotes

I am not opposed to video gambling as long as it is properly regulated and regulators are diligent about keeping bad actors from having any involvement with the industry.

No presidential candidate should visit Las Vegas without condemning organized gambling.

The SEC got more than 100 rules to write under Dodd-Frank, the lion's share of all the agencies. And we've moved, I think, with a tremendous sense of urgency. But it takes a long time to write rules and get them approved by a five-member commission.

While public participation in the promulgation of new regulations is allowed, and often required, the process is generally perfunctory and dismissive.

While we know gambling is part of the industry in Las Vegas, we're not going to make it all that easy for you to pick up a ticket, a gambling ticket, on your way into the arena.

There's a gazillion different business license fees. And just keeping up with all the regulations - it just doesn't stop.

As president, I will appoint tough, independent authorities to strengthen anti-trust enforcement and really scrutinize mergers and acquisitions, so the big don't keep getting bigger and bigger.

When the private sector fails, the solution is more government. When the government fails, the solution is more government.

I bet Richard Fuld doesn't have an ounce of contrition. It's just megalomania. When it's like that, you need rules to prevent catastrophe. When banks are borrowing the government's credit rating, you need rules to prevent stupid things.

Running a casino is like robbing a bank with no cops around. For guys like me, Las Vegas washes away your sins. It's like a morality car wash.

I had this radical idea that the police should obey the law. My view was that any human system without adequate checks and balances will tend towards corruption and abuse. That's why you have meat inspectors. Not because you hate butchers, but because of an understanding of human nature.

When you have a food safety system that's voluntary and not mandatory, you're in a situation in which everybody wants everybody else to go first. So as a normal course of doing business, food companies cut corners and don't want to take the kind of trouble and the kind of testing and the kind of careful procedures that are required to produce the safe food because they don't have to.

These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis.

Nothing could be more stupid than for the communications commission to give to people who handle the means of broadcasting the inventing of what to broadcast, and then, disturbed at the poor quality, to worry about censorship.

Negative effects on the economy were covered up with a flood of liquidity from the Fed. That,plus lax regulation, led to a housing bubble, a consumption boom - but we were living on borrowed money. It was inevitable that there would be a day of reckoning, and it has now come. We will be paying the costs "with interest".

Monsanto will not come empty-handed. Monsanto will come with a big bag of money. And because these governments are poor, when they are shown money for their research institutions, for their universities, for their professors, they are very quick to say yes, and I can tell you that when Monsanto came to Kenya, they were able to be given permission to do research in one of our research institutions, and yet there was not a single law to control such research.

I'm increasingly inclined to think there should be some regulatory oversight, maybe at the national and international level just to make sure that we don't do something very foolish.

I believe Washington should be a more active participant focusing on the issue of why corporate shareholders and mutual fund shareholders are not given fair treatment by corporate management and mutual fund management. We need to develop a national standard of fiduciary duty to ensure that these agents, if you will, are adequately representing the principles - pension beneficiaries and mutual fund shareholders - whom they are duty bound to serve.

The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.

I've been audited for many, many years in a row, which I think is unfair, but that's the way it is.

There is no such thing as 'social gambling.' Either you are there to cut the other bloke's heart out and eat it -- or you're a sucker. If you don't like this choice -- don't gamble.

I would argue that a majority of the horrors we face would not have happened if the accounting profession developed and enforced better accounting.

We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?

The rules of the game are what we call the laws of nature.

Gambling is not as destructive as war or as boring as pornography. It is not as immoral as business or as suicidal as watching television. And the percentages are better than religion.