Andrew Ross Sorkin Quotes
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There's something called, 'resolution authority,' which gives the government the power to takeover a failing bank - something they didn't have pre-Lehman Brothers.
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Tiptoeing on a tightrope past insider trading laws may be deft and clever, but it doesn't make it right.
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There are those on Wall Street and in the plutocracy who feel that Geithner is a hero who deftly steered the country from economic ruin. To many ordinary Americans, however, he is considered a Wall Street puppet and a servant of the so-called banksters.
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More and more smaller entities, such as Politico or TechCrunch, have been able to come out of nowhere and own entities. Dealbook, like them, now has an even greater opportunity, through additional resources, to drill down and offer even more breaking news and deep analysis of the issues that matter to our audience.
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On TV at night, I DVR lots of programs - I use it more like a magazine rack flipping through shows than actually watching them in full. 'Charlie Rose,' 'Meet the Press,' '60 Minutes' are musts for me. I also DVR 'NBC's Nightly News' and 'The Chris Matthews Show' on Sunday.
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Whether a president can truly improve, or damage, an economy remains an open question.
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The blowback against a bailout of Lehman would have been fierce. It is often forgotten, but the prevailing wisdom the day after Lehman fell was that its collapse was a good thing.
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The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.
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The rating agencies historically actually did a pretty good job rating regular bonds.
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One of Obama's first major acts as president was to sign the American Recovery and Reinvestment Act, and some of the money in that bill went to Saft.
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There's a good argument to be made that companies that are private, where they're run by partnerships, where everybody has true stake in them and they're not playing with other people's money, that by default it's a safer system, because you really have skin in the game. You really own the company.
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I'm probably a believer in abandoning too-big-to-fail firms or breaking them up in some way so that the system can try to take care of itself. I imagine you're not going to get there, and therefore, I suspect regulation is what's going to be required.
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Corporate tax reform is nice in theory but tough in practice. It most likely requires lower tax rates and the closing of loopholes, which many companies are sure to fight. And whatever new, lower tax rate is determined, there will probably be another country willing to lower its rate further, creating a sad race to zero.
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The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.
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Hard paywalls will never work because, just like at a newsstand, the reader likes to browse the cover and a few articles before choosing to buy. Even if the material is truly unique, a consumer likes to try a little before buying.
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Hank Paulson, obviously, had spent his career on Wall Street, had a deep knowledge of the Street, and also was a very forceful personality, had a very good relationship with the president, and was in a very different place, for example, than Ben Bernanke, who is an academic, quiet guy: spent most of his time thinking about monetary policy.
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If I could only follow one person on Twitter, it would be Heidi Moore. She's a financial journalist at NPR's Marketplace.
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In truth, the best Bitcoin can hope for is to be a second-rate version of gold, if that.
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I was always one of those people who would watch the Super Bowl as much for the sports as I did for the ads. I was always just sort of fascinated by the fact that when you turn on the TV, there was motion, there was moving pictures on it.
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Unfortunately, I think it's very difficult to separate policy from politics. In a perfect world, in some instances, you probably would want to. In other instances, you'd probably say that the political element is important because it should, in a perfect world, match what the stakeholders need or want, or what the public is after.
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The euphoria around economic booms often obscures the possibility for a bust, which explains why leaders typically miss the warning signs.
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It's the people who have an incentive to find the problem who usually find the problem.
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Investors are sometimes too busy looking for profits to notice where the truth ends and the deception begins.
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I think you tell the story that has to be told. You tell the story that's the truth. You tell the story that readers will be interested in and should know about.