Dennis E. Eckart Quotes

Is regulation per se bad? Is better regulation bad? I think better regulation is good for the business community, and I think that's something we should get together on.

To say that only those businesses affected with a public interest may be regulated is but another way of stating that all those businesses which may be regulated are affected with a public interest.

Sometimes regulators are the most reactionary people and are looking backward.

Repealing rules therefore requires federal agencies to explain why the factual and scientific bases for the predicted benefits of their rules were wrong or no longer adequate to justify those rules.

There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions.

We're one of the most highly regulated industries, and we have to pay attention to what government is doing.

I'm always a little cautious, there's a few amendments that are out there that I think could do some damage, so I've been more concerned about over regulating, going too far.

Road testing the effects of regulation on European business must become second nature to the European Union.

Legislation must be passed which undoes the damage caused by excessive de-regulation. That means reinstalling the regulatory firewalls that were ripped down in 1999.

As presidents from Ronald Reagan to Barack Obama have recognized, the real question is whether regulations, whether new or old, are justified. That requires a careful analysis of their costs and their benefits.

More than 50% of significant new regulations that impact on business in the UK now emanate from the EU.

There is a very real danger that financial regulation will become a wolf in sheep's clothing.

We cannot afford the EPA's continued expansion of red tape that is slowing economic growth and threatening to entangle millions of small businesses.

Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.

I think a lot of times there is a tendency in Washington to make rules because of something that was adverse or fraud or something like that. And we make a lot of rules and end up hurting a lot of innocent people that are trying to start up their companies.

You can't, in a government agency, regulate everything that moves ... you can't regulate everything ... you must strike a balance.

The railroads saw that they must either accept control by the State of control the State.

Rational as distinguished from vindictive regulation by public authority turns out to be an extremely delicate problem which not every government agency, particularly when in full cry against big business, can be trusted to solve.

Fannie Mae may have conformed to the rules but the rules didn’t conform to reality. A major bank or financial institution could meet every single regulatory requirement yet still be at the risk of collapse.

In the old days, you dealt with one regulator. Now it's five or six. You all should ask the question how American that is.

I frankly think we in the financial service world believe we need appropriate kinds of regulations. No question about that. But when something like Dodd-Frank has been created, sort of in the mystery of night, it is a huge document. It's vast. It weighs about 10 pounds when I carry it around.

A focus on regulatory overreach, things that the benefit doesn't outweigh the cost, is probably the single greatest opportunity we have for having a positive impact on job creation.

I don't interfere with regulators.

Regulation has gone astray. . . . Either because they have become captives of regulated industries or captains of outmoded administrative agencies, regulators all too often encourage or approve unreasonably high prices, inadequate service, and anticompetitive behavior. The cost of this regulation is always passed on to the consumer. And that cost is astronomical.

I can't remember one [example of regulation] that's good. Regulation of transport, regulation of agriculture - agriculture is a, zoning is z. You know, you go from a to z, they are all bad. There were so many studies, and the result was quite universal: The effects were bad.