- All Quotes
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The government has the right to change laws and rules and regulations.
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Economies of scale are a good thing. If we didn't have them, we'd still be living in tents and eating buffalo.
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Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier.
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You know, the benefit in life is to say, 'Maybe you made a mistake, let's dig deep.'
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As American citizens, if you believe all banks were bailed out, you would hate banks. I would, too.
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You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may well be entitled, 'It could have been much better.'
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Capping the size of American banks won't eliminate the needs of big businesses; it will force them to turn to foreign banks that won't face the same restrictions.
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Some things never change - there will be another crisis, and its impact will be felt by the financial markets.