Bank Collapse Quotes

People think when you have a, quote, 'bank failure,' that that is the end of the bank. And it isn't necessarily.

We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper.

So perhaps the most worrying single remark made by a responsible banking official during the current crisis came from Jochen Sanio, the head of Germany's banking regulator BaFin. He warned on Aug. 1 that his country could be facing the worst banking crisis since 1931 - a reference to the collapse of Austria's Kredit Anstalt, which provoked a wave of bank failures across Europe.

The Commission concludes that the banking supervisors failed to adequately and proactively identify and police the weaknesses of the banks and thrifts or their poor corporate governance and risk management, often maintaining satisfactory ratings on institutions until just before their collapse. This failure was caused by many factors, including beliefs that regulation was unduly burdensome, that financial institutions were capable of self-regulation, and that regulators should not interfere with activities reported as profitable.

We were at the stage where in a very short period of time, one of the world's biggest banks would have to shut the door and switch off the electricity.

Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement.

The failure of one regional bank, assuming it is following a traditional model, will not threaten the entire system.

You shouldn't be trying to create a system where no bank fails, but you should be creating one that catches a bank and allows it to fail without impacting the financial markets.

The nation's largest savings and loan, Washington Mutual, has become the biggest bank failure in history. See, the problem with the savings and loans? Not enough savings, too many stupid loans, okay In fact, they changed their name from WaMu to 'screw you.'

The TARP program was nevertheless necessary to keep banks from collapsing in a cascade of failures.

The Tigris is so fierce and rapid, and swallows its alluvial banks so greedily, that it is probable that some of the buildings described by the Hebrew traveller Benjamin of Tudela as existing in the twelfth century were long since carried away.