Hillary Clinton Quotes


Wall Street can never be allowed to threaten main street again. No bank can be too big to fail, no executive too powerful to jail.


Citations

Clinton, Hillary. "Remarks on Wall Street and the Economy." New York City, 7 Dec. 2015.

Related Quotes

This warning was a decade before the Meltdown of 2008, but was not heeded by any of the politicians. As a result a number of the companies that made all those risky decisions assumed that if something went terribly wrong the government would not let them fail. Unfortunately, they were right and the taxpayers spent billions to prevent companies from failing. After the meltdown all the politicians vowed to end the too big to fail concept, but while some improvements were made, the Congress could not come to agreement, and the markets and a number of companies think that they are still too big to fail. This is particularly true for Defense Contractors where the government has and probably will in the future, protect irresponsible companies from failure if they are the only company that makes needed weapons and other equipment.


Greenspan and some others assumed that the shareholders and the executives who ran the financial institutions had the same vested interests. But the executives had disconnected themselves from the fate of the shareholders, by having Golden Parachutes to protect the executives even if the business failed and they were fired. And they got their bonuses immediately so by the time the authorities and the shareholders discovered that the profits the bonuses were paid for were illusory, the bonus money was safely stored in a secret offshore bank. But if things went wrong, there was always the play of getting a government bailout which would keep the executives getting their huge bonuses and keep the shareholders from losing their money as the taxpayers covered most of the losses.


Hillary Clinton
Hillary Clinton
  • Born: October 26, 1947
  • Nationality: American
  • Profession: Politician

Hillary Diane Rodham Clinton is an American politician, diplomat, lawyer, writer, and public speaker who served as the 67th United States secretary of state from 2009 to 2013, as a United States senator from New York from 2001 to 2009, and as First Lady of the United States from 1993 to 2001. Clinton became the first woman to be nominated for president of the United States by a major political party when she won the Democratic Party nomination in 2016. She was the first woman to win the popular vote in an American presidential election; however, she failed to win the Electoral College.