Vince Cable Quotes

Wall Street has desperate need of men like you.

The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth.

Taxing financial markets, promoting research and development, and mobilising investments: that means learning our lessons from the financial market crisis and changing our focus.

What we're going to do is redouble our efforts on financial regulatory reform, because that has in it sensible things like say on pay, so at least the shareholders are minding the store, sensible things like saying, for heaven's sakes, compensation should be focused on - on long term, so that you don't have rewards for short-term risk-taking.

The reality is that the institutional framework in which Wall Street operates is fundamentally inappropriate, and it inevitably generates violent fluctuations of the market.

The ultimate arbiters of the models of banking and the management of banking are the investors. It's the shareholders.

Narrow banks could restart effective intermediation and ensure that consumers and employment-creating small and medium-size enterprises are adequately financed and can contribute to the reactivation of the economy.

I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street.

Over the objections, where they sound like squealing pigs, over the objections of Romney and all his allies, we passed some of the toughest Wall Street regulations in history, turning Wall Street back into the allocator of capital it always has been and no longer a casino. And they want to repeal it.

It appears that Wall Street is not acting as a force for economic expansion, providing access to capital for companies that make things. Rather, it seems, Wall Street is using government bailouts to lever up.

To get our economy back on track and keep it functioning properly without the problems of our financial institutions, we need reasonable regulations that will protect Main Street while at the same time allow Wall Street to do what it does best - make money for American investors.

I am not embarrassed to be a banker. I am not embarrassed to be in business.

Second of all, I don't think Wall Street is doing what it's supposed to be doing, even after the shameful performance of the last two years. They're are not allocating capital.

My research interests since then have shifted strongly towards the economic and regulatory problems of the financial services industry, and especially of the securities and options exchanges.

I'm not afraid of having big banks.

Other People’s Money and How the Bankers Use It

… there must be a strict supervision of all banking and credits and investments; there must be an end to speculation with other people's money

I want to make sure our company is in good hands: that it will be good for the country, for the stockholders.

Bringing back something akin to Glass-Steagall would clearly help limit risk in the system. And that's a very good and worthy goal. Letting banks sell securities and insurance products and services allowed them to grow too big too fast and fueled a culture that put profit and pay over prudence.

Separating out banks and investment banks right now under Glass-Steagall would have very big implications to the liquidity and the capital markets and banks being able to perform necessary lending.

I don't think that the financial services industry and that banking in particular are any different than any other part of the economy, any other industry outside banking.

Until you separate the speculative behaviour of the financial sector from the real economy and the financing of the real economy, then we are not going to see the kind of stability or the capacity to drive genuine, income-led growth as opposed to debt-fuelled, speculative behaviour.

We have to make sure that the banks pay every nickel of loan losses that they create, but we don't want to hold them responsible for withdrawals if we want the economy to recover.

The better side of Wall Street is when it is acting as an efficient mechanism of capital formation and capital flow, which helps businesses invest.

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.