Kenneth Lay Quotes

Getting in the middle of financial transactions is a regulatory minefield.

The TMPG is the place where market participants recognize and address their responsibilities to each other.

However, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must constantly be ready to fill new holes. Actually regulation should be kept to a minimum, but there has to be some cooperation between market participants and authorities - as was the case in the early postwar years. The Bank of England was a very successful regulator by cooperating with market participants. This cooperative spirit was broken by the market fundamentalists.

Look!" said Foaly, pointing with some urgency into the vast steel-gray gloom, "Someone who cares!

I think we just have to look at all the ways in which we are violating the Earth, each other, economic violence, racial violence, environmental violence - where we are dominating and not cooperating .

We need to ensure that the government agencies that are supposed to be regulating the financial system are actually doing their jobs. We must shrink the federal government and hold it accountable - and to do that, we need a leader who understands how bureaucracies work and how to cut them down to size.

Look, why don't you go talk to Ron about all this?" Harry asked. "Well, I would, but he's always asleep when I go and see him!" said Lavender fretfully. "Is he?" said Harry, surprised, for he had found Ron perfectly alert every time he had been up to the hospital wing.

We have a rare chance to pursue a new path, a different, better future that delivers progress for both our peoples and the wider world. That's the opportunity before the Iranian people. We need to take advantage of that.

We look at each one [project] and consider the context - what it is and what it can be - beyond the strictly functional concerns.

She gave me another of those long keen looks, and I could see that she was again asking herself if her favourite nephew wasn't steeped to the tonsils in the juice of the grape.

It is up to India to take this opportunity to start ... a process of dialogue.

Our temptation is to look eagerly for the minimum that will be accepted. We are in fact very like honest but reluctant taxpayers.

Warm congratulations to my friend Barack Obama. Look forward to continuing to work together.

Everything that comes our way is so we can grow and evolve, and if we look at it like that, then we have the great opportunity to step into who we always wanted to be.

Do not rush into a business just because you have the capital. You'd lose your shirt if you jump into it recklessly. Do your homework first. Study the market and look for that golden opportunity. Whatever business you choose to go into, it must be something that you can pursue with passion.

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.

I began to look at all events and all things as relevant, an opportunity to take or avoid.

I look forward to the challenge, but most importantly, I look forward to the opportunity to do what hasn't been done that often, in a sense. Michael Jordan obviously has done it, but that's it.

If a man attains a high station in life, it is because he has acquired or was blessed with native ability as a salesman. Schooling, college degrees, intellect, brilliancy, are of no avail to the man who lacks the ability to attract the cooperative efforts of others, thus to create opportunities for himself.

It's an individual morality in values that matters in these companies [like Wells Fargo]. I mean, they ought to clean house. And they ought to figure out how to claw back all this money. That is a given. In terms of additional laws, there are reasonable approaches to this, but I'd have to see what they are. I'm not a federal lawmaker.

You have to be really tenacious. You have to keep at it. There are many roads to get there. If you can get yourself into Harvard, that's a good way to go, because every Harvard graduating class, the agencies come trolling around and they'll look for you. So if you go to Harvard, you'll get found there.

Banks don't commit crimes. Bankers do. And they won't ever stop if they don't have to pay for their crimes.

The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.

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?