Quotessence
Home / Quotes / Quote by Jeremy C. Stein

Quote by Jeremy C. Stein

“Perhaps more to the point for TBTF (Too Big To Fail bank), if a SIFI (Systemically Important Financial Institution) does fail I have little doubt that private investors will in fact bear the losses-even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution”

Quote by Jeremy C. Stein

Create image

Author

Jeremy C. Stein
Jeremy C. Stein

Limited information is available about Jeremy C. Stein, who was born in 1960 and is of an unknown profession. more

You May Also Like

“A great civilization is not conquered from without, until it has destroyed itself from within. The essential causes of Rome's decline lay in her people, her morals, her class struggle, her failing trade, her bureaucratic despotism, her stifling taxes, her consuming wars.”

PeopleWarPoliticalPoliticsCausesMoralClassStruggleFailingCivilizationTaxesEssentialsTradeLaysDestroyedRomeDeclineConsumingDespotismClass StruggleStifling
Book:The Story of Civilization: Caesar and Christ, a history of Roman civilization and of Christianity from their beginnings to A.D. 325
Create image

“I cannot disagree with you that having something like 500 economists is extremely unhealthy. As you say, it is not conducive to independent, objective research. You and I know there has been censorship of the material published. Equally important, the location of the economists in the Federal Reserve has had a significant influence on the kind of research they do, biasing that research toward noncontroversial technical papers on method as opposed to substantive papers on policy and results”

KnowsKindHas BeensImportantPoliticalPoliticsResultsInfluencePolicyMaterialsPaperResearchIndependentMethodSignificantObjectivesDisagreeCensorshipReservesLocationEconomistPapersUnhealthyFederal Reserve
Author:Milton Friedman
Create image

“Where this age differs from those immediately preceding it is that a liberal intelligentsia is lacking. Bully-worship, under various disguises, has become a universal religion, and such truisms as that a machine-gun is still a machine-gun even when a "good" man is squeezing the trigger have turned into heresies which it is actually becoming dangerous to utter.”

MenStillsAgePoliticalPoliticsDangerousBecomingWorshipGunMachinesUniversalVariousGood ManDisguiseLackingBullyTriggersHeresyTruismSqueezingMachine Guns
Book:The Collected Essays, Journalism and Letters of George Orwell: An age like this, 1920-1940
Create image

“Writer George Orwell confessed he found something "deeply appealing" about Adolf Hitler. Where Martha Dodd was struck by Hitler's "weak, soft face," Orwell discerned "a pathetic dog-like face, the face of a man suffering under intolerable wrongs." All this is a reminder that psychopaths have been known to possess engaging qualities, and that Hitler was no less repellent for not sporting fangs.”

MenHas BeensFacesPoliticalSufferingFoundQualityKnownDogWeakEngagingRemindersPatheticFangsPsychopath
Author:Brad Marchand
Create image