Frank Gaffney Quotes

If we can increase the share of Islamic finance for the world, countries can benefit - and certainly, Malaysia can benefit from that.

If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals.

Our strength in finance has led us to set up an international financial centre with medium and long-term objectives, especially to develop Islamic financial and insurance services.

You'd be a fool or a deluded idealist to think ethics would be prominent on Wall Street. That is not a statement against people in the money business, just a fact.

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.

The Commission concludes that the banking supervisors failed to adequately and proactively identify and police the weaknesses of the banks and thrifts or their poor corporate governance and risk management, often maintaining satisfactory ratings on institutions until just before their collapse. This failure was caused by many factors, including beliefs that regulation was unduly burdensome, that financial institutions were capable of self-regulation, and that regulators should not interfere with activities reported as profitable.

Mexico has very solid financial institutions, with good levels of capitalism, but they’re not lending much.

We have solid financial institutions, but they lent very little. So with the financial reform, we wanted to push them to lend more and to encourage the development bank to create instruments for lending mainly for micro and medium-sized companies.

Business has to have capital.I think Wall Street is a necessary ingredient of the global economy, you've just got to keep people realizing that helping clients is the most important thing, not helping yourself.

Bankers are doing God’s Work!

People who are tired of K Street corruption and Wall Street greed are ready for Main Street Values.

There is a public perception that the Republican Party is a wholly owned subsidiary of Wall Street.

Roosevelt's New Deal regulated business, protected social welfare and promoted national infrastructure on the principle that the role of government was not simply to protect the property of the wealthy, but rather was to promote equality of opportunity for all.

Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith Barney... all these firms disappear, and the Street just rolls on.

After 2008, my brand of finance got a bad rap.

Washington, D.C., is the new Wall Street. No significant financial transaction of any consequence occurs without it.

Some of the people in finance touch enormous parts of the economy.

It is often said that definitions of Islamic government are imprecise. To me, however, they seemed to have a clarity that was completely familiar and also, it must be said, far from reassuring.

We need sobriety, rationality, and civility in the discussions on the regulation of financial institutions so that the banks can return in a robust manner to their central role in funding the economy.

In the past, liberals have competed to see who could shout the loudest to shut down the banks, ridicule success, and penalize anyone working in finance. In fact, the Occupy Wall Street movement was an aggressive liberal effort to shut down Wall Street banks.

We need to change how we run banks. We need to change the culture. If we get it right, we can have a huge impact.

I'm not pro-Wall Street or anti-Wall Street. I'm pro-New York City.

The Fed's organization reflects a long-standing desire in American history to ensure that power over our nation's monetary policy and financial system is not concentrated in a few hands, whether in Washington or in high finance or in any single group or constituency.

Certainly, some of the anti-bank rhetoric has shifted a little bit, but on either side of the aisle, there seems to be different tacts. On one side of the aisle, you see a proposed scaling back of Dodd-Frank. On the other, a proposed reinstatement of Glass-Steagall.

We survived for hundreds of years under the old banking structure. You'd have clearing banks, then merchant banks doing the racy stuff, and then building societies where you'd join a waiting list for a mortgage. But then banks started buying stockbrokers, doing mortgages, and you ended up with these big banking groups doing everything.