Financial Regulation Quotes

Give me the power to issue a nation’s money; then I do not care who makes the laws.

It is no coincidence that the century of total war coincided with the century of central banking.

My view was that government officials could not sit on the board of the central bank, and I am very happy that has been upheld.

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution.

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

Some people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers.

Regulators all meet with Goldman Sachs executives and employees day after day after day. They don't see the people who get tricked, the people who get cheated, the people who get fooled by the products that Goldman turns out.

It was clear soon after his election that Obama, like FDR, wanted to start dealing with the economic crisis immediately after his inauguration.

The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.

I'm no financial expert. I scarcely know what a coin is. Ask me to explain what a credit default swap is, and I'll emit an unbroken 10-minute 'um' through the clueless face of a broken puppet. You might as well ask a pantomime horse.

I worked on one speech about the financial system that caused the Dow to drop, like, 200 points.

We need to repeal and replace Dodd-Frank. We need to make America fair again for all businesses, but especially those being run by small business owners.

I'm not anti-Wall Street - I'm anti-distortions to free markets.

It's time to put the national interest before the interests of Wall Street.

The truth is the Federal Reserve Board has usurped the Government of the United States. It controls everything here and it controls all our foreign relations. It makes and breaks government at will.

I believe that banking institutions are more dangerous to our liberties than standing armies.

You can't fall back on the private sector and say, 'You take care of the nation's banking system.' That's a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there.

The major reform legislation, Dodd-Frank, was named after two guys bought and sold by special interests, and one of them should be shouldering a good amount of blame for the crisis.

Remember that all financial markets are filled with good but not necessarily innocent people looking after their own self-interests before they look after yours.

Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve.

A rage for paper money, for an abolition of debts, for an equal division of property or for any other improper or wicked project, will be less apt to invade the whole body of the Union than a particular member of it.

On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States.

Obama seemed poised to realign American politics after his stunning 2008 victory. But the economy remains worse than even the administration's worst-case scenarios, and the long legislative battles over health care reform, financial services reform and the national debt and deficit have taken their toll. Obama no longer looks invincible.

If Federal Reserve loans are subsidies, it doesn't show up in the federal budget.