Cory Booker Quotes


We also must pull from our highest ideals of justice and protect against those ills that destabilized our economy - like predatory lending, over-leveraged financial institutions and the unchecked avarice of the past that trumped fairness and common sense. Our platform calls for significant cuts in federal spending.


Citations

Booker, Cory. "Address to the Democratic National Convention." Democratic National Convention, 4 Sept. 2012, Time Warner Cable Arena, Charlotte, NC. Speech.

Related Quotes

The result was regulation of the banks and the creation of the SEC to regulate the stock market, However, over the years, the regulations were not able to keep up with the sophisticated development of new forms of investments and financial instruments and the financial industry were able to speculate with other people’s money in ways that FDR and his reformers never imagined. Finally, even the regulation that did exist was weakened by the policies of the George W. Bush administration and the combination brought about the Great Recession of 2008 where the profits from excess speculation were privatized and the losses, socialized with the taxpayer and the American worker bearing the brunt while most of the speculators were bailed out and made more money than ever. The Obama administration tried to reform the situation, but was unable to put an end to the legal speculation with other people’s money or of having institutions that were “too big to fail.”


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.


Cory Booker
Cory Booker
  • Born: April 27, 1969
  • Nationality: American
  • Profession: Politician

Cory Anthony Booker is an American politician, attorney, and author who has served as the junior United States Senator from New Jersey since 2013. A member of the Democratic Party, Booker is the first African-American U.S. Senator from New Jersey. He was previously the 38th Mayor of Newark from 2006 to 2013. Before that time, Booker served on the Municipal Council of Newark for the Central Ward from 1998 to 2002.