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Quote by Dominic Lawson

“No one ever felt sorry for a banker.”

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Dominic Lawson is a renowned British journalist born on December 17, 1956. He is known for his in-depth analysis of political and social issues and has served as an editor and columnist for several prominent media organizations. more

“It has been a masterful fight-back by the big banks. We the paying public can't do anything much except admit defeat and settle back for the next set of bills. In the meantime, perhaps, we should try and think of a name for the new economic system, which certainly isn't capitalism ... The most accurate term would probably be "bankocracy".”

Thinking Should Trying Has Beens Bigs Fighting Next Names Term Economic Capitalism Bills Defeat Settling Accurate Economic Systems

Author:John Lanchester

“No bank should be allowed to become so big that it can blackmail governments.”

Should Bigs Government Blackmail

Author:Angela Merkel

“I decided long ago never to walk in anyone's shadow; if I fail, or if I succeed at least I did as I believe.”

Ifs Believe Long I Believe Walks Failing Succeed Shadow Decided Long Ago Rehabilitation

Author:Whitney Houston

“The problem with the bank managers was not that they were malevolent but that they were mediocre.”

Problem Managers Mediocre

Author:Christopher Caldwell

“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.”

Problem Views Banking Horns Banking System

Author:Nouriel Roubini

“Socialism for rich bankers and capitalism for everyone else.”

Rich Capitalism Socialism Bankers

Author:Robert Reich

“You can't overestimate what happens when you encourage regulators to believe that the goal of regulation is not to regulate.”

Believe Happens Goal Regulation Overestimate Regulators

Author:Joseph Stiglitz

“We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper.”

Next Months

Author:Kenneth Rogoff

“Financial institutions have been merging into a smaller number of very large banks. Almost all banks are interrelated. So the financial ecology is swelling into gigantic, incestuous, bureaucratic banks-when one fails, they all fall. We have moved from a diversified ecology of small banks, with varied lending policies, to a more homogeneous framework of firms that all resemble one another. True, we now have fewer failures, but when they occur... I shiver at the thought.”

Has Beens Fall Numbers Failing Policy Institutions Moved Financial Firm Fewer Ecology Framework Lending Shiver Swelling Merging Financial Institutions Homogeneous

Author:Nassim Nicholas Taleb

Quote by Dominic Lawson

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