#financial

Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard,' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again. ↗

— Eliot Spitzer

#again #bad #bailed #bailout #bank

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done. ↗

— Eliot Spitzer

#being #change #companies #demanded #done

The criminal law needs to be improved to meet new forms of crime, but to denounce financial devices which are useful and legitimate because use is made of them for fraud, is ridiculous and unworthy of the age in which we live. ↗

— William Graham Sumner

#because #crime #criminal #criminal law #denounce

Then, again, the ability to organize and conduct industrial, commercial, or financial enterprises is rare; the great captains of industry are as rare as great generals. ↗

— William Graham Sumner

#again #captains #commercial #conduct #enterprises

Undoubtedly there are, in connection with each of these things, cases of fraud, swindling, and other financial crimes; that is to say, the greed and selfishness of men are perpetual. ↗

— William Graham Sumner

#connection #crimes #each #financial #fraud

Households and businesses cut expenses every day. Passing a financial down payment alongside the debt limit sends the right message to the public, and gives members of Congress greater comfort, or cover, depending on your perspective. ↗

— John Sununu

#businesses #comfort #congress #cover #cut

With the permanent elimination of this tax, farmers and business owners will have the sense of security they need to plan for the financial future of their business or farm and their family. ↗

— Doc Hastings

#business owners #elimination #family #farm #farmers

It's financially advantageous to make a picture in Berlin, Germany. They have a very effective rebate system. ↗

— Joel Silver

#berlin #effective #financially #germany #make

Part of your heritage in this society is the opportunity to become financially independent. ↗

— Jim Rohn

#become #financially #heritage #independent #opportunity

Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is millions in fees. ↗

— Janet M. Tavakoli

#finance #financial-crisis #hedge-funds #structured-finance #business