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Doors Quotes

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Doors Quotes

“We had lead emitted in gasoline and in paint, painting generations of housing for an entire century, practically, before it was regulated. That's what I'm talking about, is that we have a regulatory system that is biased to protect profit and not to protect people. We need a much more precautionary and proactive regulatory system that is not influenced by the revolving door.”

“Fate handed Barack Obama the best of all political gifts - a dyspeptic, surly, spiteful opposition on the one hand and very unpopular financiers on the other - and he wouldn't come out punching, name names, or go for the jugular. It was as if while getting mugged by guys with brass knuckles, he turned the other cheek. He even jeopardized his pledge to preserve women's rights under Roe v. Wade in order to get a health care bill written by the corporate lapdog Max Baucus and the gang of revolving door mercenaries he hired to write a bill friendly to industry.”

“Bankers themselves govern the Fed to some extent, and then there's the classic revolving door where Fed officials come from and then go back to the financial sector. Fed officials tend to believe that the institution should have a large measure of independence from democratic control, even though in law it is under the ostensible control of Congress.”

“The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.”