Bank Insolvency Quotes

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

We support too big to fail. We want the government to be able to take down a big bank like JP Morgan and it could be done. We think Dodd-Frank, which we supported parts of, gave the FDIC the authority to take down a big bank.

Ireland, once an impoverished backwater from which generations fled, conjured an economic miracle…. After 2007, the party ended in a morass of insolvent banks, bad mortgages, and unpaid public debt, ultimately sending the proudly independent country begging to the International Monetary Fund.

Dodd-Frank and independent actions of banks go a long way in terms of progress on capital, liquidity, transparency, "living wills" (plans for winding down a bank in the event of a collapse) and resolutions.

You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent.

Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.

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.

This is a derivative, if you will, of Cloward-Piven [theory]. "[Stephen] Lerner's plan is to organize a mass, coordinated 'strike' on mortgage, student loan, and local government debt payments - thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.

Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.